Overpayment Impact
Enter your mortgage details and see the effect of overpayments.
Interest saved
$0
Term reduced by 0 yrs
New payoff term
0 yrs
Original term
0 yrs
New total interest
$0
Original total interest
$0
Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Loan balance ($) | $250,000 |
| Interest rate (%) | 5.5% |
| Loan term (years) | 25 |
| Monthly overpayment ($) | $150 |
| Result | Value |
|---|---|
| Interest saved | $40,733 |
| New payoff term | 20.8 yrs |
| Original term | 25.0 yrs |
| New total interest | $169,833 |
| Original total interest | $210,566 |
Values shown are produced by this page in your browser; change any input to update them.
How to use the Overpayment Impact
- Loan balance ($) — default $250,000
- Interest rate (%) — default 5.5%
- Loan term (years) — default 25
- Monthly overpayment ($) — default $150
- Press Calculate to update the results instantly.