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Extra Mortgage Payment Calculator

Use this calculator to understand how making extra payments on your mortgage could help you save money and shorten the time it takes to pay off your loan.

Calculate your extra mortgage payment savings

Note: Calculators display default values. Enter new figures to override.

Disclaimer

This calculator returns the potential estimated savings from making extra payments on your mortgage based on the information you input. Contact your mortgage servicer to understand your true savings.

More about this calculator

Total amount borrowed toward a home.

A percentage of the total amount borrowed that is paid as a fee to a lender for a loan. (This may also refer to the percentage of deposited money paid as interest by a bank or credit union to certain account holders.)

A certain period of time for which something lasts or is intended to last (for example, a five-year loan, a three-year certificate of deposit, a one-year insurance policy, a 30-year mortgage).

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