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Pay off your Mortgage early (Accelerated Repayment)

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<<Please read the guidance notes.

Mortgage amount borrowed:

Interest rate , enter 10% as 10:

%

Current Monthly payment aiming at 25 years:

p.m.

Maximum affordable monthly payment:

p.m.

 

End of year:-

Outstanding Debt (25 year mortgage)

Total paid to date (25 year mortgage)

Outstanding Debt (accelerated payments)

Total paid to date (accelerated mortgage)

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The above calculator is designed for guidance only and advice relating to any of these areas should be sought from your Financial Adviser.

it is designed to provide an example comparison of how many years it wil take to repay your mortgage using the monthly repayments you have input above. The repayment amounts are based entirely on the given interest rate and do not include the charges that would be included with any mortgage product.

The repayments shown are not based on an actual mortgage product, therefore the repayments are not guaranteed aned will differ between mortgage products and lenders.

Your home may be repossessed if you do not keep up repayments on your mortgage.

For details of our fees for mortgage business please see our page "How we are Paid".

The Financial Services Authority does not regulate loans or some forms of mortgage.

Last updated on April 20, 2007