Mortgage payoff calculator
See how extra monthly payments o a lump sum shorten your mortgage e cut Interessi.
Informazioni su Mortgage payoff calculator
See how extra monthly payments o a lump sum shorten your mortgage e cut Interessi.
Fa parte della sezione «Mutuo e immobili» di SmartCalcy. Funziona nel tuo browser senza account, usa la tua valuta e le tue unità (modificabili in cima alla pagina) e fornisce stime solo a scopo informativo, quindi verifica le indicazioni ufficiali prima di fidarti di un risultato.
Come usare il Mortgage payoff calculator
Cosa calcola e quando usarlo
This calculator shows how much sooner you could be mortgage-free, e how much interest you would save, if you overpay each monª o make a one-off lump sum.
Come si usa, passo dopo passo
- Enter your Corrente Saldo, Interessi Tasso e the Anni remaining.
- Add the extra amount you can pay each monª e qualsiasi lump Somma you could Paga now.
- Compare the new payoff Ora e Interessi with the Originale plan.
Cosa significa ogni dato
- Mortgage Saldo now – What you still owe, not the Originale loan.
- Tasso di interesse – Your Corrente Annuale Tasso.
- Anni left – The remaining Durata on the mortgage.
- Extra al mese – Money added a Ciascuno regular payment.
- Lump Somma – A one-off payment applied immediately a the Saldo.
Come leggere i risultati
- Mortgage-free pollici – How lunga the loan lasts with your overpayments.
- Interessi saved – Interessi without extra payments minus Interessi with them.
- Payment you make now – The required payment plus your extra Quantità.
La formula
The required payment è P × r ÷ (1 − (1 + r)^−n). Each month interest = balance × r, e the whole payment plus extra, minus that Interessi, reduces the Saldo. The loop runs fino al the Saldo reaches zero.
Un esempio pratico
A 200,000 balance at 5.5% with 25 years left has a required payment di 1,228.17. Paying 200 more each month clears it a 18 years 9 mesi, 6 Anni 3 months sooner, e cuts interest from 168,452 a 120,683, a saving di about 47,770.
Ipotesi e limiti
- A fixed Tasso per the rest di the term.
- Overpayments are accepted without charge. Many lenders cap penalty-free overpayments, often A 10% di the balance all’anno.
- The lump Somma è Retribuite immediately.
Errori comuni
- Overpaying while carrying higher-rate debt such as credit cards. Cancella the dearest debt first.
- Using up emergency savings per overpayments.
- Forgetting that a fixed deal may carry an early repayment charge.
Domande frequenti
Is overpaying always better than investing?
Overpaying earns a guaranteed return equal a your mortgage rate. Investing might earn more but è not guaranteed, so the answer depends on the Tasso e your risk tolerance.
Does a lump Somma o monthly overpayment save in più?
Money paid earlier saves more interest, so a lump sum now generally saves more than the same total spread over anni.
Strumenti correlati
Dettagli
- Payment you make now
- £1,428.17 al mese£1,228.17 required
- Interessi without extra payments
- £168,452.50
- Interessi with extra payments
- £120,682.73
- Interessi saved
- £47,769.76
- Originale payoff Ora
- 25 Anni
Anno per anno
| Anno | Capitale | Interessi | Saldo |
|---|---|---|---|
| 1 | £6,295 | £10,843 | £193,705 |
| 2 | £6,650 | £10,488 | £187,054 |
| 3 | £7,025 | £10,113 | £180,029 |
| 4 | £7,422 | £9,716 | £172,607 |
| 5 | £7,840 | £9,298 | £164,767 |
| 6 | £8,283 | £8,855 | £156,484 |
| 7 | £8,750 | £8,388 | £147,734 |
| 8 | £9,243 | £7,895 | £138,491 |
| 9 | £9,765 | £7,373 | £128,726 |
| 10 | £10,316 | £6,822 | £118,411 |
| 11 | £10,898 | £6,241 | £107,513 |
| 12 | £11,512 | £5,626 | £96,001 |
| 13 | £12,162 | £4,977 | £83,839 |
| 14 | £12,848 | £4,291 | £70,992 |
| 15 | £13,572 | £3,566 | £57,419 |
| 16 | £14,338 | £2,800 | £43,081 |
| 17 | £15,147 | £1,991 | £27,935 |
| 18 | £16,001 | £1,137 | £11,934 |
| 19 | £11,934 | £263 | £0 |