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Estimate how extra payments could shorten your loan.

See a directional estimate of months saved and interest reduced when you add extra principal payments each month.

Payoff acceleration estimate

Adjust the numbers to fit your scenario.

Adjust balance, rate, remaining term, and extra monthly payment to see how the payoff timeline shifts. Results are directional.

Current loan balance

Remaining principal on your mortgage.

$300,000
$50k$1M

Interest rate

Your current interest rate.

6.5%
39.5

Remaining term

Years left on your current mortgage.

25 years
530

Extra monthly payment

Additional principal you plan to add each month.

$200
0$2k

Assumptions

Extra payments are applied entirely to principal each month.
Loan balance, rate, and remaining term are directional inputs — not your actual loan details.
Does not account for biweekly payments, lump-sum payments, or prepayment fees.
Verify your loan terms before making extra payment commitments.

Snapshot

4y 9m

Estimated time saved

Directional payoff reduction when adding extra principal each month.

Estimate

Estimated results

Base monthly payment

$2,026

Regular principal and interest only.

Time saved

4y 9m

Directional payoff acceleration from extra payments.

Estimated interest saved

$66,860

Directional total interest reduction over the life of the loan.

New payoff in

21 years

Directional payoff timeline with extra payments applied monthly.

These numbers are directional. Real results depend on your credit, income, property, and the full application.