Extra mortgage payment
Adds an extra amount to every payment and shows the time and interest saved.
$
5.9%
25 yr
$
Time saved
6 yr 1 mo
Interest saved
$67,148
- New payoff time
- 18 yr 11 mo
- Payment including the extra
- $1,941
- Interest with the extra
- $175,223
- Interest without it
- $242,371
How this is calculated
- · Assumes overpayments are always allowed.
- · Rate is fixed for the whole term.
Estimates only — not financial, tax or legal advice.