Can I Save by Making an Extra Payment?

This calculator shows you how much sooner you can pay off your loan by making extra payments. Fill in the following information and click the Calculate button for your mortgage prepayment savings.

Remaining loan balance:
Annual interest rate:
Years remaining on loan:
Monthly payments:
Results: print this page
Years remaining in new plan:
Total remaining payments under old plan:
Total remaining payments under new plan:
Total interest saved:

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Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. Security Mortgage Funding Corporation does not guarantee the accuracy of any information produced by the calculators on this site, and is not responsible for any errors, omissions, or misrepresentations.