Mortgage Calculator with Extra Payments
See how making extra payments on your mortgage can dramatically reduce your interest costs and shorten your loan term. Our calculator shows you exactly how much you can save.
Why Make Extra Mortgage Payments?
- •Save thousands in interest over the life of your loan
- •Pay off your mortgage years earlier
- •Build home equity faster
- •Achieve financial freedom sooner
Extra Payment Strategies
- • Add $100-$500 to monthly payment
- • Make biweekly payments instead of monthly
- • Apply windfalls (tax refunds, bonuses)
- • Round up your payment to the nearest $100
Calculator Features
- • Compare scenarios with and without extra payments
- • See total interest savings
- • Calculate payoff timeline
- • Generate amortization schedule