If you can afford to do it, overpaying your mortgage can be a great way of quickly cutting down your mortgage repayment costs and becoming debt-free years earlier than you first planned to.
Not only can overpaying your mortgage reduce your mortgage term, it can also help you get a cheaper deal. This is because you own more of your home when your mortgage deal ends, increasing the chances of securing a cheaper deal when you come to remortgage.
This calculator can help figure out how much you could save by overpaying your mortgage.
Just enter in how much you have on your mortgage, what your term and interest rate is, and how much you want to overpay by each month, and we'll tell you how much you could save.