Mortgage Calculators: Additional mortgage payment calculator

Additional mortgage payment calculator

By adding an amount on top of your mortgage payment, you can dramatically cut the length of your mortgage. Simply fill in the form below. And, get the mortgage calculator show how much time save in years and months, and interest paid. If you feel the terms a little hard, you can click on the flash light image of each box to see the explanation. Try every little scenario.

By clicking on Additional Payment Schedule, you will see the difference of paying your regular mortgage payment, and paying with additional payment. The Additional Payment Schedules shows the balance each year and month with additional payment and no additional payment.

Enter values that implies your situation

Mortgage Amount:

Mortgage Term:

years

Actual Interest Rate:

Start Date of Mortgage:

Additional Mortgage Payment Amount:

How many times to apply
the additional mortgage payment per year:

Start Date of Additional Mortgage Payments:

Mortgage Calculator Definition of Terms

Total Mortgage Amount

It is the amount that the borrower wishes to borrow. For example, 250000.

Mortgage Term

The number of years to amortized the mortgage loan. For example, 20, 25, or 30 years are common

Actual Interest Rate

The percentage of an amount of money which is paid for its use for a specified time. For example, 5.25 quotes by lender

Start Date of Mortgage

The date on which you start to pay off the mortage. For example, September 2005

Additional Mortgage Payment Amount

The date on which you start to pay off the mortage. For example, September 2005

How many times to apply the additional mortgage payment per year

The number of times to apply the additional mortgage payment per year. For example, select 5 times to pay additional mortgage amount for five months.

Start Date of additional mortgage payment

The date on which you start to add the additional mortgage amount to the mortgage payment. For example, September 2005

Information and calculation provided on this mortgage calculators website is for general purposes only. It is not intended to take the place of advice from your mortgage brokers.