Mortgage with Extra Payments Calculator

Discover how extra mortgage payments can save you thousands in interest and years off your loan term. Our calculator shows the exact impact of additional payments on your mortgage payoff timeline and total interest costs.

How much can I save with extra mortgage payments?

Extra mortgage payments can save thousands in interest and reduce your loan term significantly. Use our calculator to see exact savings from additional payments.

Mortgage with Extra Payments Calculator Calculator

Enter Your Values

Loan Amount

Interest Rate (%)

Loan Term (years)

Extra Monthly Payment

Extra Payment Frequency

How to Use the Extra Payment Calculator

Enter your original loan amount (principal)

Input your mortgage interest rate

Select your loan term in years

Add your extra payment amount

Choose payment frequency (monthly, yearly, or one-time)

View instant results showing time and money saved

Benefits of Extra Mortgage Payments

Significantly reduce total interest paid

Shorten loan term by years

Build equity faster

Achieve mortgage freedom sooner

Save tens of thousands in interest

Reduce financial stress

Increase net worth faster

Protect against rate increases

Create forced savings discipline

Improve debt-to-income ratio

Free up future cash flow

Hedge against inflation

Build wealth through equity

Reduce monthly obligations sooner

Achieve financial independence faster