Additional Payment Savings Calculator
Determine how soon you can pay off your mortgage by making additional payments
Making additional mortgage payments can reduce your interest costs and lower your remaining balance, by shortening the time it takes to pay off your mortgage. Enter your mortgage payment information in the tool to calculate the time and interest you can save with additional payments.
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.