Amount and time savings highlighted in this online calculator act as a guide, are for illustration purposes and may vary based on your lender. In order to create the results we've made the following assumptions:
- Savings are calculated based on the mortgage information you have provided us
- Based on a repayment mortgage
- Overpayments will have the effect of reducing your mortgage term
- Interest is calculated daily and added monthly
- Monthly overpayments remain the same over the term of the mortgage
- Your rate of interest always stays the same
- No changes to your mortgage which would result in a recalculation of your monthly payment
- It’s based on the assumption that on average you’ll the earn the cashback reward rates towards your mortgage under each spending category. Savings were calculated based on the average available discount rates available as of today. Please note that cashback reward rates do change over time and we cannot accept responsibility for any discrepancies between the reward rates within the app and the savings highlighted within this online calculator.
Estimations are provided on a non-advised basis. Click here to read our full Terms & Conditions.
The calculator is for illustrative purposes only. It does not provide a precise calculation of the time or interest you could save, but is intended to give you information and guidance about the potential savings. Please note the calculator does not factor in any charges for early repayments of the total mortgage balance and is based on a capital repayment mortgage.
