Repayment calculator
Equity Release Repayment Calculator
Explore how optional repayments may affect long-term interest. Use the result as a planning guide, then check suitability, lender criteria and the full advice route before acting.
Your figures
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Guide result
Your estimated result.
Voluntary repayments depend on lender rules and annual limits. Check product terms before making payments.
Worked example
£150 a month on £60,000 at 6.5% for 15 years.
| Amount released | £60,000 |
|---|---|
| Interest rate (illustrative) | 6.5% a year |
| Years illustrated | 15 |
| Monthly payment | £150 (£27,000 in total) |
| Balance with payments | £109,501 |
| Balance without payments | £154,310 |
| Illustrative interest saved | £17,810 |
These are the figures already in the calculator. Change any box to see your own guide figure.
Paying £300 a month instead, £54,000 in total, gives a 15-year balance of £64,691 and illustrative interest saved of £35,620. In this example, £300 a month covers most of the interest, so the balance grows only slightly.
The 6.5% interest rate is illustrative only. It is not a current market rate and it is not a rate we are offering. Your adviser will show you the rates available to you in a personalised illustration.
Talk it through
Discuss your result with an adviser.
Tell us what you entered and how much you could pay each month. An adviser will explain how payments could work on a plan, the limits and charges, and whether another option could suit you better.
There is no obligation to go ahead, and family members are welcome to join the conversation.
Call 01202 084 064No adviser fee. Lender, valuation and legal costs may apply.
Equity release includes lifetime mortgages and home reversion plans. To understand the features and risks, ask for a personalised illustration. Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits.
Calculator results are illustrations only, not a quote or personal advice.
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Important information
Equity release is not suitable for everyone, may reduce the value of your estate, may affect entitlement to means-tested benefits and requires advice. Voluntary repayments depend on product terms and lender rules.
These calculators provide estimates only and are not personal advice. Speak to The Mortgage Hive before making financial decisions.