Extra Payment Calculator
See how much you can save by making extra mortgage payments. Calculate interest savings and time reduced on your loan.
Extra Payment Calculator
Excellent Savings! 🎉
Your extra payments will save $103,449 in interest and pay off your loan 6.9 years earlier!
Regular Payment Plan
Impact of Extra Payments
Extra Payment Tips
- Start small: Even $50-100 extra per month makes a significant impact
- Apply windfalls: Use bonuses, tax refunds, or gifts as one-time payments
- Specify principal: Ensure extra payments go toward principal, not interest
- Check prepayment: Verify your loan has no prepayment penalties
- Automate it: Set up automatic extra payments to stay consistent
- Balance priorities: Consider emergency fund and high-interest debt first
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