Making extra payments goes directly towards your Principal balance. This reduces the amount of interest charged in all future months, creating a compounding "Snowball Effect" that kills debt faster.
Current national avg:6.85%
Loan Details
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Monthly Payment
$0
Principal & Interest (Loan: $300,000)
Balance Payoff Logic
Smart Mortgage Planning: Real-Time Rates & Analysis
Don't just calculate your payment; optimize it. The UnitMaster Mortgage Calculator connects to live market data to give you accurate estimates. Use our Comparison Mode to shop lenders, or generate a PDF Amortization Schedule to see how extra payments save you thousands.
The 'One Extra Payment' Hack
Making just one extra mortgage payment per year towards your principal can shorten a 30-year loan by roughly 4-5 years.
Live Market Rates
See current average rates for 30-year Fixed, 15-year Fixed, and ARM loans.
PMI Integration
Automatically account for Private Mortgage Insurance if your down payment is under 20%.
Why choose UnitMaster?
- Save $10,000+ in interest.
- Pay off home faster.
- Compare lenders.
- Secure & Private.