Mortgage
World Time
Compound Interest
Internet

Mortgage Time Calculator

Loan Value $
Monthly Payment $
Interest Rate, APR %

Suppose you want to find out how quickly your mortgage can be paid off if you were to make more than the minimum monthly payment. This calculator will determine time taken to pay off the loan when monthly payment exceeds minimum payment. Making extra monthly payments will save you money by reducing interest payments.

Form Inputs

  • Loan Value -- Sum of money borrowed as loan
  • Monthly payment -- Monthly payment made to pay the interest and principal of the loan amount. This should be more than the minimum payment as determined by the Mortgage Calculator.
  • Interest Rate -- percent of remaining loan amount that is charged as interest annually

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