Extra Mortgage Payment Calculator

See how paying extra toward principal could shorten your mortgage and reduce interest.

Current mortgage balance ($)

Interest rate (%)

Remaining term (years)

Extra principal each month ($)

Estimated result

Current principal & interest—

New payoff time—

Time saved—

Interest saved—

Confirm that your servicer applies extra payments directly to principal and that your loan has no prepayment restriction.

Illustrative estimate only. Actual lender disclosures, fees, taxes and underwriting rules control.