mtgcalculator

Mortgage prepayment comparator

The right way to evaluate prepayment is “dollars of interest saved per dollar of extra cash sent.” This tool ranks three strategies on that one number so you can pick the most efficient.

Prepayment strategy comparator

Compare three ways to pay your mortgage off early. We rank by $ saved per $1 of extra principal sent — the only number that lets you compare strategies fairly.

Your loan

Starting balance, rate, and original term (before prepayment).

Prepayment scenarios

Extra monthly principal, and/or a one-time lump sum and when you pay it.

Strategy Monthly out-of-pocket Payoff time Interest paid Interest saved $ saved / $ extra
Baseline$2,02330 yr$408,142

Bi-weekly assumes 26 half-payments/yr (= 1 extra full payment/yr) modeled as monthly extra principal of P/12.

Real (inflation-adjusted) cost calculator

Adjusts every future payment back to today’s purchasing power using your expected inflation rate. Helps you see the true long-run cost of a fixed-rate loan.

Loan

Balance, rate, and term used to build the payment schedule.

Inflation assumption

Used to discount future payments to today’s purchasing power.

Nominal total paid

$728,142

Sum of every payment in dollars-of-the-day.

Real total paid (today $)

$479,743

Discounted back to today’s purchasing power.

Inflation discount

$248,399

What inflation effectively shaves off your bill.

Nominal interest: $408,142 · Calculation uses monthly compounding. Inflation rates are uncertain — try multiple scenarios.