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Mortgage Overpayment Calculator

Use our mortgage overpayment calculator to find out how much money you could save by overpaying on your mortgage and reducing the interest charged. Anyone can use this calculator – whether you are an existing Lloyds’ customer or you have your mortgage with another lender.

Things to consider:

  • This calculator only gives an example of what you could save
  • It won’t include any early repayment charges that might apply
  • If you’re looking to reduce your mortgage term, speak to one of our mortgage advisors instead

We use the following assumptions in the calculations:

  • Based on a repayment mortgage
  • Any regular monthly overpayments remain the same over the term of the mortgage
  • All years are of equal length
  • Interest is calculated daily and added monthly
  • The mortgage balance shown on the graph and table are the same, and are the amount left on the mortgage at the end of that particular year
  • Multiple sub-accounts must be calculated individually
  • Estimate of total interest saved is rounded to the nearest pound
  • There is no change in interest rate which would recalculate your monthly payment
  • There will not be any changes to your mortgage which would result in a recalculation of your monthly payment e.g. changes to your mortgage product, term, type or change of owners

How does a mortgage overpayment calculator work?

If you’re looking to pay off your mortgage sooner or reduce your monthly repayments, a mortgage overpayment calculator can help you see how this might be possible. Simply use the calculator by entering your current mortgage balance, remaining term, current interest rate and your overpayment details. Whether you’re considering a regular monthly or lump sum overpayment – the calculator will indicate how much interest you could save.

Please note, our mortgage overpayment calculator doesn’t take into consideration any early repayment charges that may apply. We recommend talking to your lender before making any overpayments. 

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Already have a Lloyds Bank mortgage?

Want to know more about overpayments and how to make them on your mortgage?

Learn more about overpayments

Think you can afford an overpayment? Speak to one of our mortgage advisers to discuss your options. You can call us on 0345 850 3705Call telephone number 0345 850 3705. Lines are open Mon to Fri 8am - 8pm and Sat 9am - 4pm.