Mortgage Calculators
- +Payment Amount
- +Principal Calculator
- +Cost Per Thousand
- +Real APR Calculator
- +Affordability Calculator
- +Income Requirements
- +FHA Calculator
Refinance Calculators
Loan Comparison Tools
Money Saving Tools
Interest Only Calculators
Credit Card Calculators
More Calculator Tools
Free Mortgage Calculator for Your Website!
Would your customers benefit from a free mortgage calculator on your website? Learn how to add a calculator to your website in less than a minute - FREE!
| Standard | Additional Payment | |
| Monthly Payment : | $1,342.05 | $1,392.05 |
| Total Monthly Payments : | $483,133.89 | $461,835.60 |
| Interest Savings : | $21,298.29 | |
| Length : | 30 Yrs 0 Mts | 27 Yrs 8 Mts |
| Time Saved : | 2 Yrs 4 Mts | |
|
When it comes to a home mortgage loan, you can actually pay off the loan much more quickly and save a great deal of money by simply paying a little extra each month. If you take out a 30 year loan for $250,000.00 with a 5.000% interest rate, for example, your monthly payment (interest and principal only) will be $1,342.05. By the time the 30 year time period is complete, you will have paid $483,133.89 for your home. If you pay just $50.00 more each month, you will pay only $461,835.60 toward your home. This is a savings of $21,298.29. In addition, you will get the loan paid off 2 Years 4 Months sooner than if you paid only your regular monthly payment. |
Money Saving Tip
How much money could you save? Lock in low rates today with a