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What Happens When You Pay a Lump Sum on Your Mortgage?Use our calculator as a rough guide, and be sure to speak to your lender to work out exactly how much you can overpay by. Use our mortgage overpayment calculator to see how you could affect your monthly payment and term by making overpayments on your mortgage. How could loan overpayments or taking payment holidays could affect your loan term and borrowing costs? Work it out using this simple calculator.