Extra Mortgage Payment Calculator
See how an extra payment every month, once a year, or twice a year could help you pay off your mortgage sooner.
Extra payments are estimated as payments applied directly toward your principal balance.
Estimated New Payoff Time
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Regular Principal & Interest Payment
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Original Payoff Time
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Estimated Time Saved
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Estimated Interest Saved
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Even a Small Extra Payment Can Help
Adding a little extra toward your principal can reduce your balance faster, shorten your payoff timeline, and lower the amount of interest paid over time.
For educational purposes only. Results are estimates and may differ from your actual mortgage. This calculator does not include taxes, insurance, adjustable-rate changes, fees, or other loan terms. Confirm with your mortgage servicer that additional payments will be applied toward principal and whether any restrictions apply.