Save Big On Your Mortgage Calculator 2

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This calculator is very similar to the "Save Big On Your Mortgage" calculator except "Number of payments left to pay" replaces "Amount you have left on your loan" as one of the three enter boxes. Still, on this calculator you can fool around with different amounts of extra principle you can pay each month and see the results which are often amazing!

You can play with the numbers all day long and see the vast amounts of money they can be saved with different extra monthly payments contributed to your mortgage.

Yearly interest rate %

Number of payments left to pay

Amount of monthly payment $

Extra amount you will pay monthly $

Enter values in the boxes above.
Boxes below will be calculated.

Making the number of payments left at at the current payment amount will cost you $

But, if you pay an extra $ a month

which will change your monthly payment to $

You will make fewer payments

and the total cost of the loan will become $

In other words...
Under the original terms of the loan, it would take years

and months

to pay off the loan in full.
By making this extra monthly payment, you will be paid off in years

and months.

So, this results in a savings of $ !

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