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By adding just a few extra pounds to your monthly payments you could save thousands of pounds over the life of your mortgage and pay it off much earlier. Use this calculator to discover just how much you may be able to save. You'll probably be pleasantly surprised!

Mortgage Amount (£)

Interest rate (%)

Term (years)

Amount of monthly overpayment you want to make:
(i.e. £25, £50, £100, etc)

Repayment Mortgage

Your monthly payment (including overpayment) would be (£)

The amount of interest saved would be (£)

The term would be reduced by yrs and months

Interest Only Mortgage

Your monthly payment (including overpayment) would be (£)

The amount of interest saved would be (£)

Projected balance at end of term (£)

Paid off after yrs and months

This calculator is meant for Skipton Building Society mortgages only. Some of our mortgages have conditions in relation to overpayments

This is purely an illustration of the potential savings and assumes that the interest rate started will remain constant throughout the mortgage term it also assumes that monthly payments are made.