Additional Payment Savings Calculator
Pay off your mortgage sooner by making additional payments
When using a mortgage calculator with extra payments, you can learn how to reduce your interest costs and lower your remaining balance, by shortening the time it takes to pay off your mortgage. It’s always a good idea to pay off loans as quickly as possible — but you need to do so without creating an unnecessary burden on your monthly budget. Enter your mortgage payment information in the tool below to find out how much you can save.
For best use, combine the results this tool with estimates from the Payment/Amortization Calculator for a more accurate assessment of monthly mortgage payment and number of installments required to pay the loan in full.