Enter your normal mortgage information at the top of this calculator. Then add any other additional payments you would like to make be it one-time, weekly, monthly, quarterly or yearly. Then click on the calculate button to see your results.
If you would like to make multiple payments for ranges of time you can enter multiple one-time payments or other periodic payment types by clicking on the "Add Payment" link. The calculator is quite flexible. You could add 360 extra one-type payments or you could do an extra monthly payment of $50 for 2.5 years and then an extra monthly payment of $100 for 3 years, etc.
Once you have filled out all your information click on the calculate button to see the side-by-side results for your old loan and the loan with extra payments made.
At the bottom of the calculator there is also an option to turn on displaying a monthly amortization schedule with your results.
US 10-year Treasury rates have recently fallen to all-time record lows due to the spread of coronavirus driving a risk off sentiment, with other financial rates falling in tandem. Homeowners who buy or refinance at today's low rates may benefit from recent rate volatility.
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