Mortgage Calculator Interest Paid

Use our detailed **mortgage calculator interest paid** tool to discover how extra payments, bi-weekly schedules, or principal-only contributions can drastically reduce your total interest cost and shorten your loan term. Taking control of your mortgage means saving thousands over the life of your loan.

AD SPOT: Optimize Your Interest Savings Below

If You Know the Remaining Loan Term

Use this calculator if you have the original loan details and the remaining duration, which is typical for a new mortgage or if you have access to your original amortization schedule.

Original Loan Amount
Original Loan Term years
Interest Rate
Remaining Term years
months
Repayment Options:

per month
per year
one time
 

Payoff in 17 years and 3 months (Example)

The remaining balance is **$372,217.43**. By paying an extra $500.00 per month, the loan is paid off **7 years and 9 months earlier**. This results in interest savings of **$122,306**.

Interest Savings
$122,306		 Time Savings
7 years and 9 months
Original: $463,353
With Payoff: $341,047
Pay 26% less on interest
Original: 25 yrs
With Payoff: 17 yrs, 3 mos
Payoff 31% faster
 OriginalWith Payoff
Monthly Payment$2,398.20$2,898.20
Total Payments$863,352.76$741,046.55
Total Interest Paid$463,352.76$341,046.55
Remaining Interest$347,243.20$224,937.00
Payoff in25 yrs17 yrs, 3 mos

View Amortization Table

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