Overpayment Mortgage Calculator | Mortgages

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Announcement of cessation of new mortgage business: As of 1st May 2023, Ulster Bank is no longer accepting new mortgage lending applications. This includes applications to move to a new property or port a tracker rate and applies to all mortgage customers with the exception of existing Offset Mortgage customers and product switch applications, though we will consider applications for a Top Up Mortgage from existing customers in certain circumstances.

Further details can be found on our Customer Support Hub here.

Announcement by ECB of a rate increase: the European Central Bank (“ECB”) announced a base rate increase of 0.25% to 4.50% on 14 September 2023. We will write to all of our impacted customers within 10 business days of the announcement to explain what this will mean for their monthly mortgage payment. Please Note: this change will only impact ECB Tracker and Offset Mortgages

If you feel that you may have difficulty repaying your mortgage, we’re here to help. You can call our Arrears Unit on 1800 435 763 or log on to www.ulsterbank.ie/managingdebt where you can leave your details with us and we’ll call you back at a time that’s convenient to you.

Thinking of making an overpayment

Work out how much interest you could save

Overpayment Calculator Important Information about our mortgages

Mortgage overpayment calculator

See how much you could save

Our simple calculator below will give you an indication of how much interest you could save or how much sooner you could pay off your mortgage 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.

Making a regular monthly overpayment:

This is an additional monthly payment made on top of what you are obliged to pay each month
You can stop making the overpayments at anytime but you must continue to make your normal mortgage payment as usual
Please note the overpayment will not reduce your contractual mortgage term. If you would like to do this please call us on 01 7092500 or 0818 210 275.

Making a one off lump sum overpayment:

This is an additional payment that you can make at any time
Please note the overpayment will not reduce your contractual mortgage term. If you would like to do this please call us on 01 7092500 or 0818 210 275.

Can I reduce the term of my mortgage?

You can choose to reduce the term of your mortgage - And pay off your mortgage sooner than the agreed end date, or
You can choose to reduce your monthly payment - However you won't pay off your mortgage any earlier than the agreed end date
If you would like to reduce your mortgage term please call us on 01 7092500 or 0818 210 275.

Already have a mortgage with us?

Log in and we will pre-populate your information in the overpayment calculator. To log in you will need your mortgage account number and personal details like your surname and date of birth.

Select an option to see how you could save:

Pay your mortgage off earlier Reduce your monthly payments

Enter your mortgage details below to see how much you could save.

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

Home

Mortgage Balance*

Time Remaining (Years, Months)*

Current Interest Rate %*

Extra monthly payment

and/or

Lump sum payment

Calculate Savings

If you would like to view a graph with details of your overpayment illustration then please turn java scripts on or download the latest browser.

Your current monthly repayment is

New monthly payment

Amount saved each month

Potential mortgage reduction

Total amount of interest you could save

Recalculate

Important Information

This 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.

We’ve made a few assumptions:

The amount you currently pay is based on the information you have entered
The interest rate will remain the same for the term of the mortgage
Months are of 12 equal lengths so the monthly interest will not differ
Regular overpayments are made for the full mortgage term and remain constant throughout the mortgage term
Repayment amounts, the potential reduction in time to repay your mortgage, interest saved are rounded up or down accordingly for display purposes
The calculator does not factor in any charges for early repayments and is based on a capital repayment mortgage.
You can make overpayments on your fixed rate mortgage. An Early Redemption Charge is due if you repay all or part of your mortgage before the end of the set fixed period, however you can make an overpayment of 10% of your outstanding fixed rate balance each year without incurring an Early Redemption Charge

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

Your overpayments exceeds your 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.

Add your signposting title here… Common questions

How do I make an overpayment on my mortgage?

How do I make an overpayment on my mortgage?

Log in to manage your mortgage and select “My payments and services” and then “Make an overpayment or missed mortgage payment”.

Or your can call us on: 01 709 2500

Please have your mortgage account number ready.

Opening hours:
Mon-Fri 9am-5pm, excluding public holidays. Calls may be recorded.
How much can I overpay on my mortgage?

How much can I overpay on my mortgage?

You can make overpayments on your fixed rate mortgage. An Early Redemption Charge will be due if you repay all or part of your mortgage before the end of the set fixed period, however you can make an overpayment of 10% of your outstanding fixed rate balance each year without incurring an Early Redemption Charge. If you are considering making an overpayment please call us.

If you are on a flexible variable rate, a tracker rate or on our standard variable rate, there are no early redemption charges.

To make an overpayment, Log in to manage your mortgage and select “My payments and services” and then “Make an overpayment or missed mortgage payment”.

Or your can call us on: 01 709 2500

Opening hours:
Mon-Fri 9am-5pm, excluding public holidays. Calls may be recorded.
How will we apply overpayments to your sub account?

How will we apply overpayments to your sub account?

You can choose how you would like your overpayment to be split between your sub accounts.

To make an overpayment, Log in to manage your mortgage and select “My payments and services” and then “Make an overpayment or missed mortgage payment”.

Or your can call us on: 01 709 2500

Please have your mortgage account number ready.

Opening hours:
Mon-Fri 9am-5pm, excluding public holidays. Calls may be recorded.

Mortgages Set up a regular overpayment

Overpayment Mortgage Calculator | Mortgages | Ulster Bank