Prepayment Calculator
Prepaying on your home mortgage can greatly reduce the loan term. To find out how quickly a few extra dollars a month can add up, enter your current principal balance and total monthly payment below.
 
Current mortgage balance $
Remaining term on your current mortgage years, months
Current interest rate %
Extra payments amount $
Results options
 
This calculator is provided for your convenience.  The accuracy of the calculation is not guaranteed.  It is not intended as an advertisement, a disclosure statement under any consumer law, or an offer of tax, legal, financial or investment advice, and the calculator is not guaranteed to be applicable to your circumstances.  It is not a guarantee of the availability of any particular loan product or interest rate, or an offer to make a loan.