Calculate how much you can save by paying off your mortgage early
Discover how making extra payments can significantly reduce your mortgage term and total interest paid. Use our Early Mortgage Payoff Planner to create a personalized plan.
Mortgage prepayment involves paying more than the scheduled amount towards your mortgage principal. This strategy can help homeowners save thousands of dollars in interest over the life of the loan. By inputting your mortgage details into our calculator, you can see the potential savings from different prepayment scenarios.
For more information on mortgage prepayment, visit Wikipedia's Mortgage Prepayment page.
| Extra Payment | Payoff Period | Total Interest Saved |
|---|---|---|
| $0 | 30 years | $0 |
| $100 | 25 years | $10,000 |
| $200 | 20 years | $20,000 |