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Extra Payment Mortgage Calculator

By making additional monthly payments you will be able to repay your loan much more quickly. The calculator lets you determine monthly mortgage payments, find out how your monthly, yearly, or one-time pre-payments influence the loan term and the interest paid over the life of the loan, and see complete amortization schedules.
Loan Terms
 
Term of the Loan 
Interest Rate  %
Initial Payment Date 
Loan Amount $ 
  
Enable Monthly Prepayments
 
Starting Date 
Prepayment Amount  $
1/12 of Monthly Payment
Last Payment  
 
Enable Annual Prepayments
 
Starting Date  
Amount   $
Full Monthly Payment
Make   Payments
 
Make up to 5 One-time Prepayments
 
Prepayment Date Amount
   $
   $
   $
   $
   $

The calculation results are for illustrative purposes only and are not guaranteed to be accurate.
Mortgage professionals are welcome to participate!
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