Why Pay Extra on Your Mortgage?
Making extra payments on your mortgage principal is one of the safest guaranteed investments you can make. It directly reduces the balance on which interest is calculated, triggering a compounding effect in your favor.
The Power of $100
Even adding just $100 or $200 a month can simulate shaving years off a 30-year mortgage and saving tens of thousands of dollars in interest. This calculator helps you verify exactly how much you can save based on your specific interest rate.