A little extra. A home paid off sooner.
See how extra principal payments could shorten your mortgage and reduce interest.
ESTIMATED PAYOFF WITH EXTRA PAYMENTS—
Time saved—
Interest saved—
WHAT YOUR EXTRA PAYMENT CHANGESSee the time and interest you could keep.
Compare your standard payoff path with the same mortgage plus extra principal each month.
Regular payment—
With extra payment—
Your two paths
| Plan | Standard | With extra |
|---|---|---|
| Payoff | — | — |
| Time | — | — |
| Interest | — | — |
| Total P&I | — | — |
View year-by-year balances +
| After | Standard | With extra |
|---|
Estimate only; not a lender payoff quote.
How this calculator works
It estimates a fixed monthly principal-and-interest payment, then builds standard and extra-payment schedules month by month. It assumes a fixed rate, no missed payments, no new borrowing and extra payments applied to principal.
Before making extra mortgage payments
Confirm how your servicer applies additional payments and check your loan terms for any prepayment penalty.
Want to understand the assumptions behind this tool? See our Calculator Methodology →