Contractor income is lumpy: dividend draws, end-of-contract bonuses, retained profit you've decided to extract. This calculator is set up the way contractors actually overpay — a recurring monthly amount plus a one-off lump sum from a dividend or contract end, all checked against your lender's 10% annual cap.
You'll be mortgage-free 6 years 9 months earlier
and save £46,940 in interest.
| Without | With overpay | |
|---|---|---|
| Term | 25 years | 18 years 3 months |
| Total interest | £156,277 | £109,338 |
| You save | £46,940 · 6y 9m |
A lower interest rate could save you thousands more on top. See if you could remortgage to a better deal.
We may receive a commission if you remortgage through a partner broker. This never affects the rate you're offered.