Savings With Extra Payments - Example
This example illustrates how much money you can save by making extra payments on your mortgage. We assume that your $200,000 mortgage has a 30 year term and a 6.75% interest rate. When you press the button on the form below you'll see that if you paid an extra $100 every month for the life of the loan you would pay off your mortgage 68 months early and save nearly $60,000 in interest!
Click on the Calculate My Savings button in the form below to see the savings or enter your own information.
» Check Out the Extra Payments Case Study!
