See how much you can save by making extra mortgage payments
Mortgage Details
Original Payoff Time
360 months
(30 years)
New Payoff Time
210 months
(17.5 years)
Time Saved
150 months
(12.5 years)
Total Interest Saved
$179759.08
Original Total Interest
$382633.47
New Total Interest
$202874.38
Monthly Payment Breakdown
Benefits of Extra Payments
- • Paying extra reduces the principal balance faster
- • Less principal means less interest paid over time
- • Even small extra payments can save thousands in interest
- • Consider making extra payments after high-interest debt is paid off
- • Check with your lender to ensure extra payments go toward principal
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