How advantageous are extra payments?
This tool calculates the total mortgage interest paid with and without making prepayments for a given set of loan terms. It also calculates how many months it will take to pay off the loan with and without making extra payments. The entire amount of additional payments is applied to amortizing the loan principal.
Some mortgage loans may have a prepayment penalty. Check with your lender to verify whether your loan has such a penalty.
Estimate your FICO Score range
Answer 10 easy questions to get a free estimate of your FICO Score range
Instant Access to Your FICO® Score
90% of Top Lenders Use FICO® Scores. Do you know yours?Get Access Now!
Get your FICO® Score for free
The score lenders use®
No credit card required