Mortgage overpayment calculator
Find out how to make a mortgage overpayment with Lloyds and use the calculator to work out how it could reduce your balance.
Use our overpayment calculator
If you have a Lloyds mortgage, you can log in to use the mortgage overpayment calculator to work out how much you could save by overpaying.
You can:
- get accurate results in as little as 2 minutes, based on your mortgage details
- make a one-off overpayment instantly
- schedule a direct debit or standing order for a regular overpayment.
Banking online
It's simple and safe to manage your mortgage in our app or on our website.
Impact of lump sum overpayments
|
Lump sum |
Reduction in term |
Interest saved |
|---|---|---|
|
Lump sum £1,000 |
Reduction in term 2 months |
Interest saved £1,706 |
|
Lump sum £5,000 |
Reduction in term 1 year, 2 months |
Interest saved £8,308 |
|
Lump sum £10,000 |
Reduction in term 2 years, 4 months |
Interest saved £16,080 |
Impact of regular monthly overpayments
|
Monthly overpayment |
Reduction in term |
Interest saved |
|---|---|---|
|
Monthly overpayment £50 |
Reduction in term 1 year, 10 months |
Interest saved £9,800 |
|
Monthly overpayment £100 |
Reduction in term 3 years, 5 months |
Interest saved £18,020 |
|
Monthly overpayment £200 |
Reduction in term 6 years |
Interest saved £31,067 |
You would have to make regular overpayments every month for the whole term to save this much interest.
Remember, these numbers are just an example and a rough guide, not exact figures. Your savings will depend on your interest rate, how much you overpay, and your lender’s rules. Your term won’t automatically shorten. You may have to speak to your lender to arrange this.
Overpaying your Lloyds mortgage
As a Lloyds mortgage customer, you have two options when it comes to overpaying your mortgage.
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