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Extra Payment Calculator

See how much you can save by making extra payments on your mortgage. Calculate interest savings and your new payoff date.

Calculate Your Extra Payment Savings

Enter your loan details and extra payment amounts to see a side-by-side comparison.

Loan Details

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Extra Payment Options

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Showing 51 states

ALAlabama

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AKAlaska

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AZArizona

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ARArkansas

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CACalifornia

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COColorado

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CTConnecticut

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DEDelaware

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FLFlorida

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GAGeorgia

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HIHawaii

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IDIdaho

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ILIllinois

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INIndiana

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IAIowa

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KSKansas

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KYKentucky

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LALouisiana

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MEMaine

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MDMaryland

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MAMassachusetts

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MIMichigan

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MNMinnesota

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MSMississippi

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MOMissouri

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MTMontana

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NENebraska

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NVNevada

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NHNew Hampshire

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NJNew Jersey

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NMNew Mexico

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NYNew York

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NCNorth Carolina

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NDNorth Dakota

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OHOhio

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OKOklahoma

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OROregon

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PAPennsylvania

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RIRhode Island

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SCSouth Carolina

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SDSouth Dakota

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TNTennessee

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TXTexas

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UTUtah

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VTVermont

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VAVirginia

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WAWashington

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DCWashington D.C.

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WVWest Virginia

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WIWisconsin

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WYWyoming

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Extra Payment Strategies

Monthly Extra Payments

Adding a fixed amount to each monthly payment is the most consistent strategy. Even $100-200 extra per month can save tens of thousands in interest and shave years off your mortgage.

Annual Lump Sum

Apply a tax refund, bonus, or other windfall once a year. A $5,000 annual extra payment can dramatically reduce your loan term while keeping monthly payments unchanged.

One-Time Lump Sum

Received an inheritance or large payout? A single lump sum payment early in your loan term has the biggest impact because it reduces the principal that accrues interest for years to come.

Explore More Calculators

Use our full mortgage calculator for a complete amortization analysis, or compare refinancing options.