Compare your original mortgage to a MortgageMax extra-payment strategy and see how much sooner you may pay off the loan, how much interest you may save, and how early principal return may affect the lender’s rate.
Original Loan
Prepayment Strategy
Original Loan Results
Monthly P&I
$0.00
Payoff Timing
0 yrs, 0 mos
Total of Payments
$0.00
Total Interest Paid
$0.00
After Monthly Prepayment
New Monthly P&I
$0.00
New Payoff Timing
0 yrs, 0 mos
New Total of Payments
$0.00
New Total Interest Paid
$0.00
Interest Saved
$0.00
Months Saved
0
New Rate to Lender
Original Rate
0.00%
New Rate After Prepayment
0.00%
Rate Change
0.00%
Interest Income Reduced By
$0.00
This educational calculator assumes a fully amortizing fixed-rate mortgage with regular monthly principal and interest payments, plus a consistent monthly extra principal payment beginning in the year selected above. To illustrate the lender-side impact, the calculator assumes principal returned early is reinvested at 4.00%.