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Making extra payments towards paying off your home loan can help decrease the length of the loan and save on borrowing costs. This calculator can help show the savings from making extra home loan payments.

Extra payment calculator
Loan Amount: $
Annual Interest Rate: %
Loan Term: years
Start Date of Mortgage:
Extra Payment Amount: $
Number of times you will make
the additional payment per year:
Start Date of Extra Payments:

Additional payment calculator by Mortgage Calculators Plus Important Note: This tool doesn't take into account bank fees, loan conditions or specific loan structures that may impact any benefit. Always seek proffesional advice prior to making financial decisions.




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