Additional Payment Calculator

You can save money and shave years off the length of your loan by paying more on your monthly mortgage payment than your regularly scheduled amount. Fill in the boxes below to find out how much you can save. Include the amount of the additional payment and the number of times you will make that increased payment each year.

Input Information

Loan amount: $
Annual interest rate: %
Loan term: years
Start date of mortgage:
Additional payment amount: $
Number of times you will make the additional payment per year:
Start date of additional payments: