Equity Accelerator

Note: This is not a biweekly mortgage calculator. It assumes you pay your mortgage once per month and that you will add the additional principal calculated to your current monthly payment.

If you make biweekly mortgage payments, multiply the calculated additional principal by 12 and divide by 26 to compute how much to add to your current payment. In this case, your actual interest savings will be greater than shown here provided that your servicer applies the additional principal when it is received.

Equity Accelerator Calculator

This mortgage loan calculator will show you the additional monthly mortgage principal you will need to pay on your current mortgage in order to pay it off within a specified number of years. It will also show you how much interest you will save if you make the calculated additional payment each month, from now until your mortgage is paid off.

Note: When entering your current monthly mortgage payment amount, be sure to enter only the principal and interest portion of your payment.

Enter the principal balance owed:
Enter the annual interest rate:
Enter the current monthly payment amount:
Number of years you would like to pay off your mortgage in:
Additional monthly payment required:
Interest savings:

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