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You can save money and shave years off the length of your loan by paying more on your monthly mortgage payment than your regularly scheduled amount. How much can you save? Fill in the boxes below, including the amount of the additional payment and the number of times you will make that increased payment each year.

Input Information Loan amount: $ Annual interest rate: % Loan term: years Start date of mortgage: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Additional payment amount: $ Number of times you will make the additional payment per year: 1 time 2 times 3 times 4 times 5 times 6 times 7 times 8 times 9 times 10 times 11 times 12 times Start date of additional payments: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Show balance schedule

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