Mortgage Length Calculator

Input Information

Loan Information
Amount :	($)
Interest Rate :	(%)
Length :	(Years)
Considered Monthly Payment
Monthly Payment :	($)
Let Me Print That Form in PDF!
Show Schedule Table


Allpointe Home	Get Pre-Qualified	More Calculators

Financial Analysis (Switch to Plain English)

Original Payment :	$1,342.05
New Payment :	$1,304.12
New Length of Loan :	32 Years 2 Months

Plain English Help (Switch to Financial Analysis)

If you start to pay more or less toward your mortgage each month than the original payment amount, you can save or add a number of years to the length of your mortgage. Even the difference of just $40 can save you a couple of years or add a couple years to the length of your payment. If you took out a mortgage loan for $250,000.00 with a 5.000% interest rate, for example, you could expect to pay $1,342.05 per month. If you change your payment to $1,304.12, however, you will have to pay on your mortgage for 32 year(s) and 2 month(s) instead of 30 years.

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.

Information contained within this Web site is for educational purposes only and should not be used to make a financial or legal decision.
Please read our Legal & Privacy Notice carefully.