Mortgage-Free Date Calculator UK
When could I be mortgage-free?
See how overpayments could bring your freedom date forward — mortgage-free calculator
Enter your mortgage balance, interest rate, and remaining term to estimate when you could become mortgage-free. Then add a monthly overpayment to see how much earlier you could clear the loan and how much interest you could save.
Payment type
— based on your balance, rate, and term
Estimated mortgage-free date
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Mortgage-free date with overpayments
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Time saved
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Estimated interest saved
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Total extra paid (overpayments)
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Effective return (lifetime)
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Equivalent annual return: your mortgage rate — not an investment return
Assumptions — Assumes your interest rate stays the same and overpayments are made every month. Actual results may differ depending on your lender, mortgage type, and any early repayment charge limits.
Lender overpayment limits — Many lenders cap fee-free overpayments, often at 10% of the outstanding balance per year during a fixed deal. Check your mortgage terms before committing to this level of overpayment.
Lender overpayment limits — Many lenders cap fee-free overpayments, often at 10% of the outstanding balance per year during a fixed deal. Check your mortgage terms before committing to this level of overpayment.
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