Mortgage Lab

Extra-payment calculator

Estimate how additional monthly may change payoff time and .

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The baseline amortizes the entered balance over the remaining term at the entered note rate. Extra principal is optional. This illustration does not reconstruct past payments or adjust insurance and fees after early payoff. Confirm your contractual payment and how your servicer applies extra funds.

Planning result

Add the information above to see an estimate

Time and interest saved compare the same loan with and without the extra principal you entered.

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How to interpret the result

The estimate assumes extra funds are applied to as entered. Confirm instructions and compare prepayment with other financial priorities.

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Calculator results are educational estimates based on the values entered. They are not a , approval, rate quote, or commitment to lend.

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