Adding a bit to your mortgage each month can save tens of thousands in interest and shave years off your loan. Enter your balance, rate, term, and extra amount to see the savings — then open the full mortgage calculator to compare accelerated bi-weekly, lump sums, and more.
Yes — because extra money goes straight to principal, it removes all the future interest on that principal. Even $100–$200/month can save years and tens of thousands.
Is it better to pay extra monthly or one lump sum?
Both help; consistent monthly extras and accelerated bi-weekly schedules compound nicely. The full mortgage calculator lets you compare all of them.