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How long will my mortgage last if I pay more?
 
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 Loan Amount
  Interest Rate
 Monthly Principal & Interest

 

 
Instructions
This calculator figures how long your mortgage will last depending on how much you pay monthly. Use our Payment Calculator if you do not know your monthly principal and interest payment. Input an amount higher than your payment and calculate when your mortgage will be paid based on the higher payment.

Results

Loan Amount: $100,000.00
Interest Rate: 6.00%
Payment Amount: $733.76
Time: 19 Yr(s) 2 Mth(s)

These calculations are only estimates and cannot be used to determine actual amount of time it would take to pay your loan in full if you pay a higher amount each month. Please consult your tax advisor for information on the deductibility of interest for tax purpose. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.

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Licensing: AZ Mortgage Banker License #BK-090424, Lincensed by the Department of Corporations under the California Residential Mortgage Lending Act; Colorado: to check license status of your mortgage broker visit: http://www.dora.state.co.uc/real-estate/index.htm. Illinois Residential Mortgage LMB.0005759 ; MN: This is not an offer to enter into an agreement. Any such offer may only be made in accordance with Minn. Stat. 47.206(3) & (4); This office is licensed and examined by the Office of Consumer Credit Commissioner of the State of Texas; Some loan products may not be available in all states.