Total mortgage amount:
Term of mortgage:
Your monthly payment would be:
Want to know how paying extra money would change the repayment of your mortgage?
Use the lines below to determine a strategy for paying your mortgage back faster. See how making extra payments would impact the amortization table, so you can pay off your home faster and with less interest.
Note: Choose one option below or any combination of options to calculate the impact of extra mortgage loan payments. If you fill in all of the options, the amounts shown will be recalculated with the assumption you are choosing to use all three repayment options together.
extra with your monthly mortgage loan payment
Make an extra
mortgage loan payment every year in
Make a one-time lump-sum payment of
Keep in mind, changing the amortization table will change how fast you pay off your loan and how much you pay in interest, but will not affect your monthly loan payments. If you wish to make a more immediate impact on your finances, consider focusing first on unsecured debts, like your credit cards, to reduce your debt and improve your financial outlook.