Finish by a date
Name the month. See the payment.
Enter the month you want the balance cleared — when a fix ends, or when a child leaves home. This shows the extra to add every month, or the lump sum that does the same job. The two figures are alternatives.
Without an overpayment the term ends in October 2051.
Extra each month
£192.05
On top of the usual £1,389.58, so the payment becomes £1,581.63 until the balance clears.
Interest saved
£37,286
Clears
October 2046
Or a lump sum now
£30,355.24
Then keep paying the usual £1,389.58. This is an alternative to the monthly extra, not an amount to add on top.
Interest saved
£53,020
Clears
October 2046
Illustrative only. The contractual payment stays the same and the term shortens. No early repayment charge is deducted. See the 10% rule, with numbers.
The overpayment calculator runs the other way: you enter the extra payment and it shows the months you save. If the amount is large enough to cross a penalty-free allowance, read the 10% rule, with numbers.