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Loan Payment Calculator - Extra Payments

This calculator figures how much interest savings you will have depending on how much extra you pay monthly. Input an extra payment and calculate your interest savings based on the higher payment.

Should I Pay Extra ?
	Loan Information
		Zip Code
		Loan Amount
		Interest Rate
		Extra Payment
		Term in Years

Inquire Now!

Fill out a quick and easy one step form and you will be contacted by up to 4 mortgage lenders regarding your loan.

*Figure out how long your mortgage will last depending on how much you pay monthly.

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.

Daily Rate Averages
30 Yr Fxd	5.69 %
15 Yr Fxd	5.45 %
7/1 ARM	5.86 %
3/1 ARM	5.51 %
5/1 ARM	5.57 %
Full Rate Averages Update: 11/21/2008
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