Calculator
Quick Extra-Payment Savings
Even $100 a month toward principal can shave years off your loan. Try a few numbers.
Free
No sign-up required
< 30s
Instant results
2026
Updated for today
Interest saved
$111,892
Time saved
5y 7m
Scheduled P&I
$2,528
Loan amount$400,000
Interest rate6.500%
Term30 yr
Extra monthly payment$200
Why this matters
- Small Adds up Fast
- Timing Matters
- Or Refinance to 15
Prefer a real number?
A licensed advisor can turn these estimates into a personalized scenario.
Talk to an advisorEstimate only. Assumes extra principal is applied immediately and not held. Confirm your servicer's policy on principal-only payments before implementing.
Walkthrough
How to Use It
1
Enter Your Loan Basics
Balance, rate, and remaining term set the baseline schedule.
2
Add an Extra Amount
Try $100, $250, or a bi-weekly equivalent. Watch the years drop.
3
Compare Interest Saved
Total interest is where the real win shows up over the life of the loan.
Get more out of it
Tips from Our Advisors
Small Adds up Fast
An extra $100/month can retire a 30-year loan several years early - and save five figures in interest.
Timing Matters
Extra principal early in the loan saves the most interest because that's when interest weighting is highest.
Or Refinance to 15
A shorter term forces the savings automatically and usually comes with a lower rate.
FAQ
Frequently Asked
It should. Confirm with your servicer that extra payments are applied to principal, not future interest.
Ready when you are
Thinking About a Shorter Term Instead?
A 15-year loan often pays even less interest. A licensed advisor can compare both paths side by side.