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Currency is intentionally not fixed: use dollars, pounds, euros or another currency consistently.

Estimated result

4 yrs 5 mo sooner

Scheduled monthly payment2,577.21
Interest saved76,502.17
Standard interest373,162
With extras296,660
25 yrsStandard payoff20 yrs 7 moWith extras

Estimate only. Confirm extra-payment limits, fees and the lender’s interest method before changing repayments.

How to use it

  1. 01

    Enter the balance, rate and remaining term.

  2. 02

    Add a monthly extra or one-time payment.

  3. 03

    Compare both schedules and confirm the rules with your lender.