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NIFE Intelligence
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National Institute of Financial Education
2507 Falls Drive
Chapel Hill, NC 27514

support@niofe.org

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Calculators

Extra Payment Calculator

Change these fields as desired:

Choose the Option:

Option A:

A1. Current Balance (if known)
A2. Current Principal and Interest Monthly Payment

Option B:

B1. Original Principal Balance (otherwise)
B2. Month of First Payment (otherwise)
B3. Length of Mortgage (Years)

Fill out the following table for EITHER case:

Current Annual Interest Rate
Additional Monthly Pre-Payment
(Enter B here to do a biweekly conversion from here.)
Increase Monthly Payment each year by
Show Table