See how your loan balance pays down over time, and how extra payments change your payoff date and total interest.
Add a monthly, one-time, or annual prepayment to see the difference on the chart below. This is a planning tool —
actual amortization depends on your final loan terms.
Enter Your Loan Info
Your Amortization Results
Monthly Principal & Interest
$0
Fixed payment based on rate and term.
Interest Saved With Prepayments
$0
Original total interest minus new total interest.
Time Saved
0 months
How much sooner the loan is paid off.
New Payoff Date / Timeline
—
With prepayments applied.
Original vs. With Prepayments
Original Term—
Original Total Interest$0
New Payoff Timeline—
New Total Interest$0
Balance Over Time
Navy shows your original payoff schedule. Gold shows the balance with your prepayments applied — the sooner the gold
line hits zero, the more interest you save.
Estimates only. Actual amortization depends on your final rate, closing date, escrow, and how your servicer applies
extra payments (confirm they’re applied to principal, not future payments).
Want help building this prepayment plan into your loan?
Share your info and I’ll send a quick breakdown and next steps. No obligation.
Homewood Mortgage, LLC | NMLS #294974 | Wayne Wallace NMLS #745186 | Licensed in Texas | This is not a commitment to lend.
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