Updated for 2026 rates and allowances

See exactly how much you'll save and shave from your mortgage.

The only UK calculator that properly models Early Repayment Charges, the 10% annual allowance and rate changes. Results update instantly as you type. No sign-up, no selling, no small print.

ERC-aware calculations
Instant, live results
No sign-up required
100% free, no ads

Your mortgage

Drag, type or tweak. Results update as you go.

£
%
25 years

Your overpayment

£
£
%
%
yrs
%
Total interest you'll save
£36,280
over the remaining life of your mortgage
Time saved
6yrs 1mo
Mortgage-free by
Mar 2045
New monthly payment
£1,312
Interest you'll save
£36,280
You'd exceed your annual allowance At this pace, you'd breach the 10% cap in year one. ERC penalty calculated above already.
Balance over time
Original With overpayments
Why this calculator

Built to answer the real question you're asking.

Bank calculators give you a best-case fantasy. We model what actually happens to your money, penalties and all.

Early Repayment Charges modelled

Every other calculator openly ignores ERCs. Ours flags when you'd breach the 10% cap and shows the penalty in pounds. Read our full guide to early repayment charges for the detail.

Rate changes built in

Real mortgages don't stay at one rate for 25 years. Model what happens when your fix ends and you remortgage. Also see our remortgage break-even tool.

Shorten term vs lower payment

Most lenders default to cutting your monthly payment. That's usually the wrong choice. Our term-vs-payment guide explains why.

Overpay vs save vs invest

Compare overpaying side-by-side against a cash ISA, a stocks & shares ISA, or a pension. Sometimes the smart move isn't to overpay at all.

Every major lender covered

We list the overpayment rules, annual allowances and typical ERCs for Nationwide, Halifax, Santander and every other major UK lender on one page.

Proper methodology, published

Our maths matches industry-standard amortisation to the penny. See our methodology or read the assumptions we make.

The honest comparison

How we stack up against the rest.

We checked every major UK mortgage overpayment calculator. Here's what's missing from each.

Feature
This site
MSE
Nationwide
HSBC
Models ERC penalties
Tracks 10% annual allowance
Multiple rate phases
Shorten term vs cut payment
Live updates as you type
Compare to ISA / pension
Lender-specific rules
More calculators

The full toolkit for your mortgage decisions.

Every big overpayment question deserves its own properly built tool. Here are the ones other calculators skip.

01
Overpay vs Savings Account
Post-tax comparison using live UK savings rates.
02
Overpay vs Cash ISA
Tax-free savings head-to-head with overpaying.
03
Overpay vs Stocks & Shares ISA
Model historical returns against guaranteed interest savings.
04
Overpay vs Pension
Tax relief, salary sacrifice and tax-free drawdown modelled.
05
LTV Threshold Calculator
How much to overpay to unlock a cheaper remortgage band.
06
Lump Sum Calculator
Inheritance, bonus or redundancy, where does it go furthest?
07
Offset Mortgage Calculator
The only one with a properly different engine for offset maths.
08
Remortgage Break-Even
Is it worth paying the ERC to jump to a cheaper deal today?
Plain-English guides

Understand your mortgage before you commit.

Six pillar guides, each written to actually help you decide, not to upsell you on a product.

The 10% rule explained

How the annual overpayment allowance works, including the rolling-window quirk most articles miss.

Early Repayment Charges

When ERCs trigger, how they're calculated, and worked examples showing real pound costs.

When not to overpay

The situations where overpaying is actively the wrong move, and what to do instead.

Reduce term or cut payment?

Why the default lender choice often loses you thousands, and how to switch it.

Offset mortgages explained

How offset works, when it beats a normal overpayment, and who they're really for.

Six strategies compared

Monthly, annual lump sum, round-up, offset, remortgage-then-overpay and more, side by side.

Lender-specific rules

Every major UK lender's overpayment rules, on one page.

Allowances, penalties and the quirks each lender buries in their T&Cs.

Nationwide Halifax Santander Barclays NatWest HSBC Lloyds Virgin Money Skipton BS Yorkshire BS Coventry BS TSB