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What could overpaying save you?
See how much interest a regular monthly overpayment could save, and how much sooner you'd be mortgage-free.
Overpaying £100/month could save you
£21,142 in interest
And you'd be mortgage-free 3 years 6 months sooner (21 years 6 months instead of 25 years).
Without overpaying
£1,112/mo
£133,499 total interest over 25 years
Overpaying £100/mo
£1,212/mo
£112,358 total interest over 21 years 6 months
Estimate only, assuming a repayment mortgage, a constant interest rate and the same overpayment every month. Most deals cap penalty-free overpayments (typically 10% of the balance a year) — an early repayment charge could reduce the benefit. Whether overpaying beats saving or investing depends on your circumstances. Not financial advice.
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