See how much time and interest you could save by overpaying your mortgage each month.
See how much sooner you'd be mortgage-free — and the interest you'd save — by paying a little extra each month.
Free sooner by
6 yrs 1 mo
Interest saved
£40,070
Paid off in
19 yrs 10 mo
We’ll save this as a goal in your free Evenly account — track it together.
Overpaying only makes sense once the essentials are covered and you have a small emergency buffer. Evenly helps couples see exactly how much is spare each month after a fair split of the bills — so you can decide together how much to put toward the mortgage.
Overpaying reduces the balance you pay interest on, so even small regular overpayments can save years and thousands in interest. Check your lender allows penalty-free overpayments (most allow up to 10% a year) and weigh it against saving or investing that money instead.
Most UK lenders let you overpay up to 10% of the outstanding balance each year without an early repayment charge. This tool shows the impact of whatever monthly overpayment you choose.