How can I pay my mortgage off faster?

Complete the top 4 fields and click the “Calculate” button. The calculator automatically figures your monthly principal and interest payments for you based on the other data you enter, then it uses that to help figure out how much more you can save by paying biweekly or paying biweekly while adding extra to each payment.

Original loan term (years):
Current mortgage's beginning loan amount:
Current interest rate (APR%) Save More Locking in Low Rates:
Number of payments already made:
Date next payment due:
Extra amount you could comfortably add to the payment each month:
Other monthly homeownership expenses (taxes, insurance, maintenance, HOA, etc.):
Current mortgage payment less escrow:
Interest you've already paid:
Current approximate balance of your mortgage:
Results Current Current Plus Extra Bi-Weekly Bi-Weekly plus Extra
Mortgage P&I payment:
Total payment w other expenses:
Years to pay off:
Interest savings:
Monthly payments eliminated:
Total payment savings:
Equity after 5 years:
Equity after 10 years:
Balance due after years:
Results (continued) Current Current plus Extra Bi-Weekly Bi-Weekly plus Extra
Average monthly savings:
Average annual savings:
Equivalent interest rate:
Cash available after years:*
Payment Schedules:**
*Based upon a 10% yield of the money saved over the life of the loan.
**Payment schedules may take a while to appear -- depending on the speed of your computer and the number of payments remaining.