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.

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 mortgageuse 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.

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 (or other fees, if you’re with another lender).
  • 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

Should you overpay on your mortgage?

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.

More things to consider

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.

Looking for a better deal on your mortgage?

See if you could save money by moving your mortgage to us from another lender.

Use our mortgage calculator to view our latest remortgage deals.

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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 3705. Lines are open Mon to Fri 8am - 8pm and Sat 9am - 4pm.

You could lose your home if you don’t keep up your mortgage repayments

Important legal information

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.

Telephone calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service.