Payment Increase Calculator - How Can I Pay Off My Mortgage Early?

Want to pay off your mortgage sooner?  Use this calculator to see how much interest can you save by increasing your monthly mortgage payments even just a little bit.  Almost all mortgage contracts allow you to make some additional payments without penalty.  You will also see how many years you can take off your mortgage.

Please do not hesitate to contact me so I can assist in answering all your questions.

Original Mortgage Amount:		Interest Rate:
Mortgage Amortization:	40 years 39 years 38 years 37 years 36 years 35 years 34 years 33 years 32 years 31 years 30 years 29 years 28 years 27 years 26 years 25 years 24 years 23 years 22 years 21 years 20 years 19 years 18 years 17 years 16 years 15 years 14 years 13 years 12 years 11 years 10 years 9 years 8 years 7 years 6 years 5 years 4 years 3 years 2 years 1 years
Payment Type:	weekly bi-weekly accelerated weekly accelerated bi-weekly semi-monthly monthly	Scheduled Payment:	$731.55
Remaining Years:		Total Scheduled Payments:	$219,469.52
Prepayment Type:	weekly bi-weekly semi-monthly monthly annually one time	Total Projected Payments:	$197,470.10
Additional Payment:		Total Savings:	$21,999.42
Your planned prepayments shorten your mortgage by 4 years and 6 months.