Finance
Extra Mortgage Payment Calculator
🔒 Funziona nel tuo browser
See how much interest you save and how many months you cut by making extra mortgage payments. Free, no account required, runs in your browser.
Come usare questo strumento
- Enter your loan balance, interest rate, remaining term, and current payment.
- Add the extra amount you plan to pay each month.
- Read the interest you save and how many months you cut off the loan.
Domande frequenti
- How do extra payments save interest?
- Every extra dollar goes straight to principal, so less balance accrues interest each month. The loan is repaid sooner and total interest drops.
- What does the calculator show?
- The total interest saved and the number of months shaved off the term when you add your chosen extra amount to each payment.
- Are there downsides to overpaying?
- Check for prepayment penalties and weigh the guaranteed interest saving against other goals like higher-return investments or clearing costlier debt first.
- Where are my loan figures processed?
- In your browser. The balance, rate, term, and extra payment you enter drive the amortisation math locally and are never transmitted.