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MORTGAGE CALCULATOR

How much time and interest could extra mortgage payments change?

Compare your current amortization path with monthly, annual or lump-sum extra payments, then see the time and interest difference under the same loan assumptions.

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Extra-payment scenario
$
%
$
$
$

Principal and interest only. Taxes, insurance, PMI, escrow changes, prepayment rules and lender-specific timing are not modeled.

Illustrative payoff with your extra payments

21 yrs 2 mo

Under these assumptions, the extra-payment path pays off in about 21 yrs 2 mo versus 27 yrs on the base schedule.

Base principal + interest
$2,294.44/mo
Time saved
5 yrs 10 mo
Interest saved
$99,600

Base vs. extra-payment path

Base schedule
No extra payments
$393,399 interest
Your extra-payment scenario
$250/mo extra
$293,800 interest

Unlock payoff scenarios

Compare several monthly extra payment amounts and see the declining balance by year.

A mortgage affects more than a payoff date.

WealthNX can help place housing debt beside cash flow, net worth and other accounts so the user sees how one liability fits into the broader picture.

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Educational illustration only. Assumptions are user-entered and results are not predictions or financial, tax, legal or investment advice.

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