Find out how much faster you can pay off your mortgage with extra payments.
Input the current outstanding balance on your mortgage loan.
Enter the annual interest rate (APR) on your mortgage.
Pick whether you want to calculate by monthly payment amount or by a target payoff timeframe.
Enter any extra amount you can put toward principal each month to see how much time and interest you save.
Extra payments go directly toward reducing your principal balance. A lower balance means less interest accrues each month, so more of each future payment goes to principal, creating a compounding payoff acceleration.
The most effective approach is adding a fixed extra amount to your principal each month. Even a small extra payment, such as $100–$200 per month, can save tens of thousands of dollars in interest and shave years off your loan.
No. This calculator focuses on principal and interest only. Your actual monthly payment may be higher if it includes property taxes, homeowner's insurance, or PMI through an escrow account.
Yes. The calculator works for any fixed-rate mortgage or home loan. For adjustable-rate mortgages, use the current rate and note that your results will be an estimate based on that rate remaining constant.
Even small amounts make a significant difference. Try entering $50, $100, or $200 as extra payments to see the impact. The calculator will show you exactly how many months earlier you will be mortgage-free and how much interest you will save.
गणना करें कि अतिरिक्त मासिक भुगतान आपकी बंधक भुगतान तिथि और कुल ब्याज को कैसे कम करते हैं।
बंधक भुगतान कैलकुलेटर आपको अपने गृह ऋण पर अतिरिक्त मूलधन भुगतान के प्रभाव को दिखाता है। अपना शेष बकाया राशि, ब्याज दर, और वर्तमान मासिक भुगतान दर्ज करें, फिर हर महीने जो अतिरिक्त राशि आप दे सकते हैं उसे जोड़ें और देखें कि आप कितनी जल्दी बंधक मुक्त हो सकते हैं।
जानें कि अतिरिक्त भुगतान से आप अपना बंधक कितनी जल्दी चुका सकते हैं।