1. ENTER YOUR MORTGAGE ASSUMPTIONS
$
CURRENT MORTGAGE BALANCEOutstanding mortgage principal
%
ANNUAL INTEREST RATECurrent mortgage rate (%)
▦
CURRENT MONTHLY PAYMENTYour regular monthly mortgage payment
+
ADDITIONAL MONTHLY PAYMENTExtra amount applied to principal each month
◆
ANNUAL LUMP-SUM PAYMENTOptional extra principal payment once per year
💡 HOW IT WORKS
We compare your current mortgage payment path with an accelerated path using an additional monthly payment and optional annual lump sum. The calculator estimates how much sooner the mortgage could be paid off and how much interest could be saved.
We compare your current mortgage payment path with an accelerated path using an additional monthly payment and optional annual lump sum. The calculator estimates how much sooner the mortgage could be paid off and how much interest could be saved.
2. YOUR RESULTS
Your Mortgage Paydown Journey
1
CURRENT PATH
Regular Payments
🏠
estimated remaining
mortgage payoff time
mortgage payoff time
→
2
ACCELERATED PATH
Extra Principal
↗
estimated accelerated
mortgage payoff time
mortgage payoff time
→
3
YOUR SAVINGS
Time & Interest
✓
estimated time saved
on your mortgage
on your mortgage
$
Estimated mortgage interest saved:
Current-path interest: | Accelerated-path interest:
Current-path interest: | Accelerated-path interest:
MORTGAGE PAYOFF COMPARISON
Educational planning illustration only. Results are estimates. Actual mortgage calculations may differ based on lender compounding conventions, payment frequency, prepayment privileges, fees, rate changes, renewal terms, and mortgage contract conditions.