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What an extra payment actually buys you

Pay a little more each month and the loan ends years earlier than the note says. Put your numbers in and see how many years, and what it saves in interest.

  • Your payoff date
  • Interest saved
  • Months sooner
$175,000
More options
30 years

Payment 1 falls on this date; every later payment is a month after the last.

A single extra payment — a bonus, a gift, a sale.

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Principal and interest only — no escrow, taxes, insurance, mortgage insurance or HOA dues. An illustration generated from the numbers above, not a quote, an approval, or an offer of credit.

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