Payment Increase Calculator - When will my mortgage be paid off?

Want to pay off your mortgage sooner? Use this calculator to see how much interest can you save by increasing your monthly mortgage payments even just a little bit. Almost all mortgage contracts allow you to make some additional payments without penalty. Ask us for more details.

Original Mortgage Amount: Interest Rate:
Mortgage Amortization:
Payment Type: Scheduled Payment: $731.55
Remaining Years: Total Scheduled Payments: $219,469.52
Prepayment Type: Total Projected Payments: $197,470.10
Additional Payment: Total Savings: $21,999.42
Your planned prepayments shorten your mortgage by 4 years and 6 months.