EXTRA PAYMENT / PAYOFF
Pay it off early.iEvery dollar you add on top of your regular payment goes straight to principal — so you owe less, less interest accrues, and the loan ends sooner. Even a modest amount each month can cut years and tens of thousands in interest off a 30-year loan. Confirm your loan has no prepayment penalty (most don’t).
See how much faster you’d pay off your mortgage — and how much interest you’d save — by adding a little extra to principal each month.
YOUR PAYOFF
Standard monthly payment$0
Standard payoff / interest—
With extra / interest—
Interest saved$0
Paid off sooner by—
Estimate only, assuming the extra goes to principal every month with no prepayment penalty. Tell your servicer to apply extra payments to principal. Even round-ups add up. Want a payoff strategy that fits your bigger plan? Let’s map it.
See your full monthly payment
The bigger picture
Shaving years off a loan is satisfying — but first make sure the loan fits. Check your price ceiling and monthly payment, and weigh owning against renting with the rent vs. own calculator. New to the market? Start with the Bellingham buyer’s guide. See all calculators →