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.
To get started, simply enter your current mortgage details and then how much you’d like to overpay, either as regular monthly overpayments or as a lump sum. We’ll then show you how much you could save.
If you have an existing Lloyds interest only mortgage, use our interest only overpayment calculator.
If you have a Lloyds Bank mortgage and you’ve already signed up for Internet Banking, we can show you a more personalised result. Log on to your account and select the 'Overpayments' button.
Not signed up for Internet Banking? Register now it only takes a few minutes to get set up.
Find out more information about overpaying on your mortgage and things to consider when using our mortgage overpayment calculator.
We use the following assumptions in the calculations:
It’s tempting to start overpaying if you can, but there are things you should think about before you do. Overpaying could mean lower monthly payments and flexibility with future payments when it’s needed.
Overpayments will not always lower your mortgage term. Whenever we work out your monthly payment, we will use the reduced balance to work out the new payment over your existing term. If you want to reduce your term you will need to speak to one of our mortgage advisers to discuss your options. There are also limits on what you can overpay before you may be charged an early repayment charge. You should check with your mortgage provider before you decide to overpay. You should make sure you have savings in place for emergencies, rather than using all your money on your mortgage.
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
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