Simplicalcs

    Mortgage overpayment vs ISA calculator

    āš ļø Most lenders cap penalty-free overpayments at 10% of your outstanding balance per year. Your current annual overpayment may exceed this. Going over the cap doesn't stop you — but your lender may charge an early repayment fee, typically 1–5% of the excess amount. Check your mortgage terms before committing to this level.
    Matched to overpayment — edit to set independently
    2% 12% 5.0%

    Mortgage balance ISA pot ISA (existing balance, no new contributions)
    Mortgage balance vs ISA growth over time.
    About the growth rate you've chosen
    What actually moves the crossover point?
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    The crossover point is the moment your ISA pot matches what you still owe on your mortgage. Once you reach it, you could — if you chose to — cash in the ISA and clear the debt entirely. Whether that's the right move depends on your circumstances, but knowing when you get there is useful.

    One thing surprises most people: how much you put in each month matters far more than the growth rate you achieve. A higher return helps, but you can't control the market. Increasing your monthly contribution by even Ā£50 typically moves the crossover point more than pushing the assumed growth rate from 5% to 8%. The contribution is money you're actually committing — the rate is an assumption.