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Mortgage Savings Calculator

 

Discover how much you can save by increasing your monthly mortgage payment.1

How much will I save by increasing my mortgage payment?

Find out how much interest you can save by paying an additional amount with your mortgage payment. The additional amount will reduce the principal on your mortgage, as well as the total amount of interest you will pay, and the number of payments.

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Calculator Results

The extra payments will allow you to pay off your remaining loan balance 3 years earlier. Because you will pay off your loan sooner, you will save $51,216.68 in interest over the life of the loan.

Calculator disclaimer

The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.

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Please be aware that the Credit Union does not endorse or guarantee these companies or their services. The credit union is not responsible for the content of the web sites found at these links, or beyond, and does not validate the accuracy or appropriateness of any information located there. For their privacy information, please review the privacy policies on the linked web sites.

Whether you're buying your first home or refinancing a current mortgage, Virginia Credit Union is there at every step.

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