Three numbers from your mortgage statement, one extra-payment idea, and you will see exactly how many years and dollars it removes. Everything runs in your browser. Nothing is sent anywhere.
All numbers stay in your browser. Nothing is sent anywhere. We do not see what you enter.
| Today's plan | With extra | |
|---|---|---|
| Paid off in | — | — |
| Total interest from here | — | — |
| Total paid from here | — | — |
Educational tool only. Standard amortization math on the numbers you enter; assumes your rate stays fixed and extra payments go to principal. Not a quote and not a commitment to lend. All loans subject to underwriting approval.
The calculator gives you the math. A 30-minute strategy call answers the harder question: whether those extra dollars beat your other options, like clearing higher-rate debt first or keeping a cash cushion. Sometimes the answer is "do not pay extra yet." We will tell you either way.
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Part of each payment covers that month's interest; the rest reduces the balance. Early in a mortgage, most of the payment is interest, which is why the balance moves so slowly.
An extra payment goes straight to principal. A smaller balance means less interest next month, so more of your regular payment hits principal too. The effect compounds every single month.
The payments you eliminate are the final ones, which were mostly principal anyway; the interest you save was front-loaded. That is why a modest extra payment can erase years, not months.
No. Every calculation runs in your browser. Nothing is sent to a server, nothing is logged, nothing is shared.
Your mortgage statement lists it, usually labeled principal and interest or P&I. Use that number, not your total payment, because taxes and insurance do not pay the loan down.
You pay half your monthly payment every two weeks. There are 26 two-week periods in a year, so you end up making 13 full payments instead of 12. The calculator models that extra full payment spread across the year.
Not always. If you carry higher-rate debt, have no emergency fund, or your money can earn more elsewhere, extra mortgage payments may not be the best use of the dollars. That trade-off is exactly what a strategy call is for.
No. Extra principal payments shorten the loan and cut total interest, but your required payment stays the same unless you recast or refinance.
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Jason was very informative and kept me informed every step of the way. We came up with a plan of attack which will help me in the future.
Jason was so incredibly helpful and patient, even responding to concerns on the weekend and going above and beyond to try to find the best solution for me.
It was effortless and Jason was completely open honest and transparent.
Reviews verbatim from 160+ five-star reviews on Experience.com → · All loans subject to underwriting approval. Equal Housing Lender.
A 30-minute call covers your full picture: whether extra payments, a shorter term, or clearing other debt first gets you further. No pitch, no rush, no obligation.
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Free 30-minute strategy call. No hard credit pull on the initial call. No obligation. If the numbers do not work for you, we will say so.