Additional payment calculator
Loan Amount: $
Annual Interest Rate: %
Loan Term: years
Start Date of Mortgage:
Additional Payment Amount: $
Number of times you will make
the additional payment per year:
Start Date of Additional Payments:
You can save money and shave years off the
length of your loan by paying more on your monthly
mortgage payment than your regularly scheduled amount.
How much can you save? Fill in the boxes above,
including the amount of the additional payment and
the number of times you will make that increased
payment each year.