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Accelerated Repayment Calculator

Accelerated Repayment Calculator

This calculator is designed to provide indicative data for loan repayments - enter your interest rate and find out how much you can expect to pay each month to pay the loan off over 25 years.

Put in the maximum you might be able to pay each month into the calculator and see what a difference it makes to the overall payment and time taken to buy your house.

In practice you do not have to commit to this higher amount every month - simply setting money aside and putting it in as a capital reduction when you can spare it will have the same effect. (This may be of particular note to those who have special deals that penalise early capital repayment).

Note - surprisingly small accelerated payments can shorten the mortgage by several years and lead to savings of thousands of pounds.

Enter 10% as 10.

Interest - for mathematical simplicity the interest is calculated on the basis of the twelfth root of the rate selected, and the outstanding capital recalculated each month. As mortgage interest calculations are more complex in practice, these figures are for guidance purposes only and will not match those quoted by a lender.

Your property may be repossessed if you do not keep up repayments on your mortgage.

The figures calculated are purely a guide and cannot be guaranteed. If you require more information or advice please contact us.

Doherty Pension & Investment Consultancy Ltd is authorised and regulated by the Financial Conduct Authority. Financial Services Register No: 186761 https://www.fca.org.uk/register.

Doherty Pension & Investment Consultancy Ltd Registered Address: 114-116 Royal Avenue, , , Belfast, BT1 1DL. Registered in England & Wales, No. NI 31915.

Neither Doherty Pension & Investment Consultancy Ltd nor its representatives can be held responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.

The Financial Conduct Authority does not regulate National Savings or some forms of mortgage, tax planning, taxation and trust advice, offshore investments or school fees planning.

The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK.

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