Pay off Mortgage Calculator..?

F

fatboyPee

Registered User
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39
Hi,

Probably been asked before. Just wondered if anyone knows of a mortgage payoff calculator on the web somewhere that will give an idea of interest saved if I pay the odd lump sum off my mortgage ??

I've only got 2k possibly at the moment, but would love to reduce the term of the loan (25 years)... I know its worth doing, but to convince she who must be obeyed that 2k off the mortgage is better than 2k in savings, I'd like to show her....

Thanks

FBP.
 
fatboyPee said:
Hi,

Probably been asked before. Just wondered if anyone knows of a mortgage payoff calculator on the web somewhere that will give an idea of interest saved if I pay the odd lump sum off my mortgage ??

I've only got 2k possibly at the moment, but would love to reduce the term of the loan (25 years)... I know its worth doing, but to convince she who must be obeyed that 2k off the mortgage is better than 2k in savings, I'd like to show her....

Thanks

FBP.
Click to expand...

Check out Karl Jeacle's Calculator here.

This fantastic tool allows you to calculate the effects of Regular Prepayments, Lump Sums, Interest changes during term, etc.

It is worth putting this in your bookmarks or favourites.
 
Last edited by a moderator:
ahhhhhhhhhggghhhh...
that hurts, that calculator..

makes me want to get my mits on extra cash NOW !!.....
now a dilemma.. start a pension or pay off into my mortgage.. then start a pension with all the mortgage money ??? :) (I should have a pension by now but haven't...)..


Thanks again for the link !

FBP.
 
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