Why is an extra payments calculator important?
Paying off your mortgage early can save you money in interest over time. Use our Extra Payments calculator to see how making extra monthly payments can decrease the total amount of interest you pay over the life of your home loan.
Simply enter your current mortgage balance, monthly principal and interest payment, your interest rate, and the amount of the additional payment. See how much interest you'll save and what your mortgage will be with and without the extra payments.