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Find out how much faster you could clear your mortgage and how much interest you would save by adding a little extra to each monthly payment.
Extra payments reduce the principal directly, so all future interest is charged on a smaller balance. The effect compounds over the life of the loan.
Some mortgages carry early repayment charges. Check your loan terms before committing to extra payments.
Disclaimer: This calculator provides estimates for informational purposes only and is not financial, tax, or legal advice. Verify figures with a qualified professional before making decisions.