Additional principal
Extra principal normally does not change your mortgage rate or required monthly payment. It reduces the outstanding balance faster.
Monthly principal & interest—
Estimated total monthly payment—
New payoff date—
Time saved—
Interest saved—
New total interest—
Loan balance over time
Original With extra principal
Amortization schedule
| Period | Payment | Principal | Interest | Extra | Balance |
|---|---|---|---|---|---|
| Enter your loan information to begin. | |||||
Estimates are for educational purposes only. Actual lender calculations and loan terms may vary.