Mortgage Extra Payment Calculator
Shows what a monthly overpayment or a lump sum does to a mortgage: the new payoff date, the years removed and the interest saved, with both schedules charted.
Read the full guide to this tool
Results
Notes
- Overpaying early in the term saves far more than the same amount late, because early balances carry the most interest.
- Check your contract for prepayment penalties before committing to overpayments.
- This is an educational estimate, not financial advice; talk to a qualified adviser before making money decisions.
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