Mortgage Extra Payments Calculator
Mortgage Extra Payments
See how extra monthly payments reduce your mortgage term and total interest
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%
years
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Formula
New Payoff = Amortize(Balance, Rate, Base Payment + Extra)
Frequently Asked Questions
How much do extra mortgage payments save?
Even $100 extra per month can save thousands in interest and shorten your loan by several years.
Should I make extra payments or invest?
If your mortgage rate is higher than your expected investment return after taxes, extra payments may be better.