Mortgage Overpayment Calculator | Royal Bank

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See how much you could save Our overpayment calculator

Our simple calculator below will show you whether you could pay your mortgage off faster, or if you could potentially save interest by making extra payments. There are a couple of different options you have when making an overpayment - it's important you understand them so you can decide which option is the best one for you.

Make a regular monthly overpayment

  • This is an additional monthly payment made on top of what you are required to pay each month

  • This overpayment option is flexible and you can stop making it anytime you want, but you must continue to make your normal monthly mortgage payment as usual

  • This type of overpayment will reduce the amount you owe us on your mortgage helping to save you interest - and it could pay off your mortgage before the agreed end date

Make a lump sum overpayment

  • These are additional payments that you can make at any time, which will reduce the amount you owe us on your mortgage, helping to save you interest

  • If you make a lump sum payment, we may recalculate your contractual monthly payment and this may reduce. If we do reduce your monthly payments, you won't pay off your mortgage any earlier than the agreed end date

  • If you want to pay off your mortgage sooner than the agreed end date, please contact us on the numbers below

How much can I overpay on my mortgage?

Overpayment restrictions do not apply if you are on a Standard Variable Rate. Depending on the terms for your current mortgage and if you are on a tracker or fixed rate deal, overpaying more than 10% of your outstanding balance in any one year may trigger an Early Repayment Charge. If you are considering overpaying by more than 10% in any one year please call us.

I'm ready to make an overpayment

If you're comfortable with the different types of overpayments and what they mean you can use the calculator below - it will demonstrate how much money you could save. You can either fill the calculator out manually, or for a more personalised (and potentially more accurate) result, you can sign in, and we'll automatically complete the information for you.

To do this, either pay a lump sum and/or increase your monthly payments.

Paying a lump sum is a way to lower your monthly payments.

and/or
Calculate Savings

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Your current monthly repayment is

New monthly payment
Amount saved each month
Potential Mortgage Reduction
Total amount of interest you could save
Incomplete information To calculate your savings, additional information is required

Pay It Off Earlier - Either Lump sum or Extra monthly payment is required

Reduce Your Monthly Payment - Lump sum payment is required

Overpayments exceeded Current Balance Overpayments exceeded Current Balance

Overpayments exceeded Current Balance

We can’t calculate your savings We can’t calculate your savings

Sorry we are unable to calculate your savings.  Please call us for more information.

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Set up a regular overpayment
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