What happens if I pay extra principal on my mortgage?

How much interest can you save by increasing your mortgage payment? This financial calculator helps you find out. Click the 'View Report' button to see a complete amortization payment schedule and how much you can save on your mortgage.

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.