Mortgage Additional Repayment Calculator
Are you thinking of making extra repayments? Extra repayments can make a big difference to the overall amount of interest you will pay as well as the term of the loan. This mortgage calculator will calculate the additional monthly payment required for your current mortgage in order for you to pay it off within a specified number of years. If you are interested in also learning how much you will save: it will also show you how much interest you will save if you make the calculated additional payment each month, from now until your mortgage is completely paid off.

Note: When entering your current monthly mortgage payment amount, make sure you only enter the principal and interest portion of your payment.

Enter the principal balance owed:
Enter the annual interest rate:
Enter the current monthly payment amount (principal & interest portion only):
Number of years you would like to pay off your mortgage in:
Additional monthly payment required:
Interest savings:

 

View Other Mortgage Calculators


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Interest Only vs. Principal & Interest Mortgage Calculator

As usual please read the disclaimer.