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Mortgage Extra Payment Calculator
See how much interest and how many months an extra monthly payment saves on a mortgage or home loan.Finance · Loans
Quick answer
If loan amount is ₹50,00,000, annual interest rate is 8.5%, loan term is 20 years and extra payment every month is ₹5,000, the interest you save is ₹13,89,292.40, the months saved is 53 and the new time to pay off (months) is 187.
Enter your values
0.05 %30 %
%
1 year40 years
years
Interest you save
₹13,89,292.40
An amount worked out directly from the figures you entered above.
28% is months saved
Interest you save
₹13,89,292.40
Months saved
53
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See how the result changes
Each table re-runs this calculator with one value changed and everything else left as it is.
Interest you save by loan amount
If loan amount goes from ₹50,00,000 to ₹75,00,000, interest you save changes from ₹13,89,292.40 to ₹15,32,965.43 (+10%).
| Loan amount | Interest you save |
|---|---|
| ₹25,00,000 | ₹10,89,377.87 |
| ₹37,50,000 | ₹12,71,550.73 |
| ₹50,00,000start | ₹13,89,292.40 |
| ₹75,00,000 | ₹15,32,965.43 |
| ₹1,00,00,000 | ₹16,17,540.15 |
Interest you save by annual interest rate
If annual interest rate goes from 8.5% to 12.8%, interest you save changes from ₹13,89,292.40 to ₹27,12,594.66 (+95%).
| Annual interest rate | Interest you save |
|---|---|
| 4.25% | ₹5,33,225.63 |
| 6.38% | ₹9,13,969.47 |
| 8.5%start | ₹13,89,292.40 |
| 12.8% | ₹27,12,594.66 |
| 17% | ₹45,40,922.15 |
Interest you save by loan term
If loan term goes from 20 years to 30 years, interest you save changes from ₹13,89,292.40 to ₹34,47,685.88 (+148%).
| Loan term | Interest you save |
|---|---|
| 10 years | ₹2,99,970.59 |
| 15 years | ₹7,29,632.80 |
| 20 yearsstart | ₹13,89,292.40 |
| 30 years | ₹34,47,685.88 |
| 40 years | ₹63,88,854.63 |
FINANCE GUIDE
A quick guide to Mortgage Extra Payment Calculator
See how much interest and how many months an extra monthly payment saves on a mortgage or home loan. Use it to get an accurate interest you save in seconds — free, with no sign-up.
Instant results
See your interest you save the moment you enter your numbers.
Free, no sign-up
Every calculator here is free to use, with no account required.
Accurate & transparent
The same standard formula runs on our server for every calculation.
How to Use the Mortgage Extra Payment Calculator
1
Enter Loan amount
Provide your loan amount.
2
Enter Annual interest rate
Provide your annual interest rate, in %.
3
Enter Loan term
Provide your loan term, in years.
4
View Your Results
Get your interest you save instantly, calculated on our server.
What is Mortgage Extra Payment Calculator?
See how much interest and how many months an extra monthly payment saves on a mortgage or home loan. This finance tool works out your interest you save instantly, so you don't have to do the math by hand.
“One quick calculation, so you always know your interest you save before you decide.”
What Affects Your Interest you save
Your interest you save depends on the values below.
Loan amount
Changing your loan amount changes your interest you save.
Annual interest rate
Changing your annual interest rate changes your interest you save. Typically between 0.01 and 30 %.
Loan term
Changing your loan term changes your interest you save. Typically between 1 and 40 years.
Extra payment every month
Changing your extra payment every month changes your interest you save.
Example Result
Here's what you can expect from a mortgage extra payment calculator calculation:
- Loan amount
- 5000000
- Annual interest rate
- 8.5 %
- Loan term
- 20 years
- Extra payment every month
- 5000
- Interest you save
- ₹13,89,292.40
- Months saved
- 53
- New time to pay off (months)
- 187
- Regular monthly payment (EMI)
- ₹43,391.16
- Total interest without extra payments
- ₹54,13,878.80
- Total interest with extra payments
- ₹40,24,586.40
Frequently Asked Questions
- How does loan amount affect interest you save?
- If loan amount goes from ₹50,00,000 to ₹75,00,000, interest you save changes from ₹13,89,292.40 to ₹15,32,965.43 (+10%).
- How does annual interest rate affect interest you save?
- If annual interest rate goes from 8.5% to 12.8%, interest you save changes from ₹13,89,292.40 to ₹27,12,594.66 (+95%).
- How to calculate mortgage extra payment calculator?
- Fill in loan amount, annual interest rate and loan term in the Mortgage Extra Payment Calculator above and your interest you save is calculated instantly. Change any value to see how the result responds.
- What does an example mortgage extra payment calculator calculation look like?
- If loan amount is ₹50,00,000, annual interest rate is 8.5%, loan term is 20 years and extra payment every month is ₹5,000, the interest you save is ₹13,89,292.40, the months saved is 53 and the new time to pay off (months) is 187.
- What do I need to enter in the Mortgage Extra Payment Calculator?
- Loan amount (at least 1), Annual interest rate in % (0.01 to 30), Loan term in years (1 to 40) and Extra payment every month. The interest you save updates as soon as you change a value.
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