← All calculators

Extra Payment Payoff

How much would paying extra actually save?

Add an extra amount to your monthly principal. See the interest you skip and the years you cut off the loan.

Your loan

$380,000
6.50%
30 yrs
$300

What you'd save

$147,079

interest saved · 7.8 yrs sooner

Interest still paid (70%)
Interest saved (30%)
Base monthly P&I
$2,402
New monthly P&I
$2,702
Original payoff
30.0 yrs
New payoff
22.2 yrs
Interest saved
$147,079

Before you send extra

Confirm your servicer applies extra payments to principal (some default to the next month's payment). Compare the guaranteed "return" of your mortgage rate against paying down higher-rate debt or maxing tax- advantaged accounts first. There's no wrong answer — just tradeoffs.

Share this snapshot

Copy a link with your exact numbers baked in — send it to a partner, an agent, or your future self.

Save this (optional)

Email me a copy — and ping me if the numbers change materially.

No credit pull. No lender spam. Unsubscribe in one click.

Estimates only. Not an appraisal, tax advice, or lending offer. Checking here never touches your credit.