Extra mortgage Payment

Find out how much you can save by paying extra on your mortgage.

For the perfect loan to the unique situation we can find a loan for you.
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Extra Mortgage Payment Calculator

Buying a home or refinancing your mortgage, there may be many questions you may have on saving money or your term of your mortgage based on extra payment amounts. Let this one of many mortgage related calculators guide you through matters such as whether to make extra payments on your mortgage loan.

Please enter your information below (For your convenience we have filled in common values. Feel free to change amounts as they apply to your situation.)

Original Loan Terms:

Loan Amount

Appraised Value of Your Home

Term in Years

Yearly Property Taxes

Yearly Homeowners Insurance

Interest Rate of the Loan

 %

Extra Payments:

Additional Monthly Payment

Months Until You Start Extra Payments
Extra Payment Calculator

Results

Without Extra Payments

With Extra Payments

Monthly Payment

Principal and Interest

Taxes and Insurance

Mortgage Insurance

Total Monthly Payment

Months Until Payoff

Total Interest Paid

Interest Rates

Current Rates

30 Yr Fixed 5.500%
20 Yr. Fixed 5.250%
15 Yr Fixed 5.000%
30 Yr Jumbo 6.750%
15 Yr Jumbo 6.250%
30 Yr Land 7.150%
15 Yr Land 6.100%
Float Land 4.750%
Prime Rate 3.250%
Commercial 6.375%

Interest rates, mortgage program terms and conditions are subject to change without notice. Loans are subject to credit review and approval. Properties securing all loans must be located in Michigan.