Loan overpayment calculator
What you save by paying off part of your loan early, penalties included.
How it works
The penalty is often capped at 3 months of interest (Belgium) or 6 months / 3% of the capital (France). Saving = interest avoided − penalty.
Results are for guidance only and do not replace professional advice.
Worked example
With the default values:
- Outstanding balance120000
- Annual rate (%)3.2
- Months left180
- Amount paid early20000
- Early repayment penalty (months of interest)3
- Afterwards you preferKeep the payment, shorten the term
you get:
- Net saving€10,631.13
- New term144 months (−36)
- Interest avoided€10,791.13
- Early repayment penalty€160.00
Frequently asked questions
How does the “Loan overpayment calculator” tool work?
The penalty is often capped at 3 months of interest (Belgium) or 6 months / 3% of the capital (France). Saving = interest avoided − penalty.
What do I need to enter?
Just fill in: outstanding balance, annual rate, months left, amount paid early, early repayment penalty, afterwards you prefer. The result updates as you type.
Can you give an example?
Outstanding balance: 120000; Annual rate (%): 3.2; Months left: 180; Amount paid early: 20000; Early repayment penalty (months of interest): 3 → Net saving: €10,631.13; New term: 144 months (−36).
Is this calculator free, and is my data private?
Yes. HOD Calc is completely free with no sign-up. The calculation runs in your browser: nothing you type is sent or stored.