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Extra Payment Accelerator
See how a little extra each month slashes interest and years off your mortgage.
Loan Snapshot
Start with your current balance, interest rate, and term to calculate the baseline payment.
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Extra Payment Strategy
Enter the additional amounts you can commit monthly or annually.
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Think bonuses, tax refunds, or a 13th payment.
Payoff insights
- Extra payments chop 6 years and 9 months off the schedule, finishing in 23 years and 3 months.
- Every $150.00 you add monthly returns about 172.6% in interest saved over the life of the loan.
- Your annual lump sum of $1,000.00 shaves roughly $4,310.02 off interest every year.
Interest Saved
$111,935.31
By adding $150.00 per month and $1,000.00 annually.
Before vs. After
Monthly PaymentCurrent → With Extras
$2,155.01$2,305.01
Total InterestCurrent → With Extras
$425,803.67$313,868.37
Payoff TimeCurrent → With Extras
30 yrs23 yrs 3 mos
Interest Saved
$111,935.31
Total savings
New Term
23 yrs 3 mos
With extra payments
Return on Extra
172.6%
Interest saved ÷ extra paid
Total Extra Paid
$64,850.00
Over the payoff period
Time saved
You’ll be mortgage free in 23 years and 3 months. That’s 6 years and 9 months sooner than the original schedule.
Put your payoff plan on autopilot
Let’s update your loan account with biweekly or automatic extra payments so you never miss a month.