Mortgage Extra Payment Calculator
Summary
With additional
monthly payment you can payoff the mortgage in
15
years and
1
month. It is
14
years and
11
month earlier than the old schedule. You will save
£101122.02
of interest.
New Mortgage plan with additional
£500
Monthly Payment.
| New Monthly Payment |
£1573.64 |
| Total of
181
monthly payments |
£285389.55 |
| Total Interest paid |
£85389.55 |
Old Mortgage plan without any additional payment.
| Old Monthly Payment |
£1073.64 |
| Total of 360
monthly payments |
£386511.57 |
| Total Interest paid |
£186511.57 |
Outstanding Mortgage after
5
years.
| Mortage amount at start. |
£200000.00 |
| Remaining Mortage amount after
5
years. |
£183657.46 |
| Repaid Amount |
£16342.54 |