See how one extra principal payment can change your mortgage payoff date.
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The lump sum is applied immediately to principal. The regular payment is estimated from the current balance, rate, and remaining term; lender posting rules can differ.
The calculator first estimates the regular payment for your remaining balance and term. It then applies the lump sum immediately to principal and compares the accelerated schedule with the original schedule.
Change any input to update the estimate instantly. Your entries never leave your device.
Usually not unless your lender recasts the loan. This estimate keeps the regular monthly payment unchanged and shortens the payoff schedule.
No. Check your loan documents and lender policy before making a large principal payment.
It is modeled as an immediate principal reduction before the next monthly interest charge.