Mortgage Calculator
Featured
Estimate monthly mortgage payments with optional tax, insurance, and HOA (defaults to 30 years).
- On your device
- No signup
Extra Payment Calculator
AdvancedSee how extra monthly payments reduce loan interest and payoff time.
- 100% Free
- No signup
- Private & secure
- Instant results
- On your device
Private on your device
Your information stays on your device and is not uploaded.
What to do next
- Mortgage CalculatorStart with your base mortgage payment and rate
- Mortgage Amortization CalculatorView the full schedule with and without extra payments
- Mortgage Refinance CalculatorSee if refinancing plus extra payments saves more
- Mortgage Affordability CalculatorCheck whether extra payments still fit your budget
- Loan Payoff CalculatorModel extra payments on other loans too
Related tools
Mortgage Amortization Calculator
Featured
Generate a mortgage amortization schedule with principal and interest breakdown.
- On your device
- No signup
Mortgage Refinance Calculator
Featured
Compare current and refinanced mortgage payments.
- On your device
- No signup
Mortgage Affordability Calculator
Featured
Estimate how much home you can afford from income, debts, and loan terms.
- On your device
- No signup
Loan Payoff Calculator
Featured
Estimate how long it takes to pay off a loan balance and how much interest you will pay.
- On your device
- No signup
Loan Calculator
Featured
Estimate monthly loan payments, total interest, and a basic amortization summary.
- On your device
- No signup
Simple & Compound Interest Calculator
Featured
Calculate simple or compound interest on a principal over time.
- On your device
- No signup
EMI Calculator
Featured
Estimate monthly EMI, total interest, and amount payable for a loan.
- On your device
- No signup
Enter loan amount, interest rate, term, and an extra monthly payment to compare the standard schedule with an accelerated payoff. See months saved, interest saved, and the new payment total.
How to use this tool
Enter the original loan amount, interest rate, term, planned extra monthly payment, and optional upfront fees. Compare the standard schedule with the accelerated payoff. Optional upfront fees can be entered as dollars or a percent of the loan amount.
Worked example
Example: a $200,000 mortgage at 6.5% for 30 years with an extra $200/month saves about 6 years and substantial interest; closing fees raise total cost equally on both compared paths.
How it works
Enter loan amount, interest rate, term, and an extra monthly payment. Compares the standard amortizing schedule with one that includes the extra payment, showing months and interest saved. Optional upfront fees are added into total cost on both scenarios.
Limitations
Results are estimates for educational purposes and are not financial advice. Actual loan terms may differ. Consult a qualified financial professional for personal guidance.
Privacy and file handling
Your data stays on your device and is not uploaded.
FAQ
Frequently asked questions
How do extra payments save money?
Extra amounts go toward principal, so the balance drops faster and less interest accrues over the life of the loan.
Is the extra payment applied every month?
Yes. The estimate assumes the same extra amount is paid with every monthly installment until the loan is paid off.
Does this include fees or prepayment penalties?
No. Results are estimates based only on principal, rate, term, and extra payment.
Related pages
- Loan calculators — compare finance tools and read FAQs
- Mortgage Calculator — Start with your base mortgage payment and rate
- Mortgage Amortization Calculator — View the full schedule with and without extra payments
- Mortgage Refinance Calculator — See if refinancing plus extra payments saves more
- Mortgage Affordability Calculator — Check whether extra payments still fit your budget
- Loan Payoff Calculator — Model extra payments on other loans too
- Browse all free online tools on Utilnivo
- Explore more finance tools on Utilnivo
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