Your mortgage
Shows when you would reach cheaper loan to value bands.
Your overpayments
For example from a bonus. Paid at the end of each year.
Your lender decides which; many let you choose.
Typical on fixed and tracker deals. Check yours.
What you would save
With overpaymentsWithout overpayments
Year-by-year table
| Year | Balance without | Balance with | Interest saved so far |
|---|
Assumes the interest rate stays the same for the whole period, interest is charged monthly, and overpayments start now. In reality your rate will change when your deal ends. Overpaying saves interest at your mortgage rate, so compare that with what your savings would earn after tax, and keep an emergency fund first. This is not financial advice.