Mortgage Extra Payment Calculator
See how extra monthly or one-time mortgage payments shorten payoff time and reduce interest.
Interest saved
$137,344
8 yr 6 mo faster payoff
New payoff date
21 yr 6 mo
21 yr 6 mo from now
Payment comparison
- Scheduled monthly P&I
- $2,023
- Extra monthly principal
- $250
- Original payoff
- 30 yr (30 yr)
- Accelerated payoff
- 21 yr 6 mo (21 yr 6 mo)
- Original interest
- $408,142
- Accelerated interest
- $270,799
Extra payments are treated as principal-only and applied after monthly interest.