Making additional mortgage payments reduces your interest costs by shortening the time it takes to pay off your mortgage and lowering your balance along the way.
Our interactive calculators are designed and intended for general informational purposes only. They serve as self-help tools and do not constitute investment advice. We make no guarantees regarding their applicability or accuracy to your specific circumstances. All examples used are hypothetical and for illustrative purposes. We strongly recommend contacting one of our licensed loan officers for specific numbers.