How much interest can be saved by increasing your mortgage payment?
Use this calculator to find out how much interest you can save by increasing the amount you pay toward your mortgage each month. The additional amount will reduce the principal on your mortgage, as well as the total amount of interest you will pay, and the number of payments.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.