See how extra mortgage payments pay off

Small increases, big impact

Because mortgage interest compounds against a shrinking balance, extra payments made earlier in a loan have an outsized effect on total interest paid. The extra payment calculator shows exactly how much time and money a given increase saves.

What you'll see

• Shortened loan term — how many months or years earlier the loan is paid off.
• Interest savings — total interest saved over the life of the loan.
• Updated payoff date — a clear, new timeline based on your extra payment amount.

Pairs well with the mortgage calculator

Start with the mortgage calculator to see your baseline amortization schedule, then use this tool to test how different extra payment amounts change the outcome.

Who it's for

Homeowners looking to pay off their mortgage faster, and buyers deciding between a shorter loan term or extra payments toward a longer one.