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How are our long-range forecasts panning out? See the Mid-year review of our 2025 Mortgage and Housing Market Outlook.

How are our long-range forecasts panning out? See the Mid-year review of our 2025 Mortgage and Housing Market Outlook.

Mortgage Prepayment Calculator

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How to use this mortgage prepayment calculator

Enter a principal amount, an interest rate, and the original loan term. Then, enter either 1) how much you want to pay each month, or 2) how long you want to make mortgage payments.

Mortgage Prepayment Calculator

C A L C U L A T I N G
How much can I save by prepaying my loan?

Please enter loan amount greater than 0

Please enter valid loan term between 1-30.

Please enter interest rate greater than 0

OR

Please enter valid desire loan term between 1-30.

Please enter one of them (Monthly payment or loan term).

Savings from My Desired Payment
Standard Monthly Payment (Principal + Interest) -
Extra Payment Per Month -
New Monthly Payment -
Interest Saved -
Time to Pay Off Loan -
New Calculations
See Detailed Amortization

Related Calculators

Calculate and forecast your home equity - KnowEquity Tracker
Prepay your mortgage to the term you want - It's My Term
Should I Refinance? Mortgage refinance breakeven calculator
See all homeowner calculators

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