Mortgage Length Calculator

Input Information
Loan Information
Amount : ($)
Interest Rate : (%)
Length : (Years)
Considered Monthly Payment
Monthly Payment : ($)
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Thanks for using our calculation tools. Your results appear below. Click the heading in the next section to switch between plain English and financial views. Do you have questions or feedback? Contact us.

Financial Analysis (Switch to Plain English)
Original Payment : $1,357.37
New Payment : $1,404.12
New Length of Loan : 27 Years 10 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 5.100% interest rate, for example, you could expect to pay $1,357.37 per month. If you change your payment to $1,404.12, however, you will have to pay on your mortgage for 27 year(s) and 10 month(s) instead of 30 years.

Payment Schedule
No Interests Principal Balance
1 1,062.50 341.62 249,658.38
2 1,061.05 343.07 249,315.31
3 1,059.59 344.53 248,970.78
4 1,058.13 345.99 248,624.78
5 1,056.66 347.46 248,277.32
6 1,055.18 348.94 247,928.38
7 1,053.70 350.42 247,577.95
8 1,052.21 351.91 247,226.04
9 1,050.71 353.41 246,872.63
10 1,049.21 354.91 246,517.72
11 1,047.70 356.42 246,161.30
12 1,046.19 357.93 245,803.37
1 Yr

---
12,652.81

---
4,196.63

 
13 1,044.66 359.46 245,443.91
14 1,043.14 360.98 245,082.93
15 1,041.60 362.52 244,720.41
16 1,040.06 364.06 244,356.35
17 1,038.51 365.61 243,990.74
18 1,036.96 367.16 243,623.59
19 1,035.40 368.72 243,254.87
20 1,033.83 370.29 242,884.58
21 1,032.26 371.86 242,512.72
22 1,030.68 373.44 242,139.28
23 1,029.09 375.03 241,764.25
24 1,027.50 376.62 241,387.63
2 Yr

---
12,433.70

---
4,415.74

 
25 1,025.90 378.22 241,009.40
26 1,024.29 379.83 240,629.57
27 1,022.68 381.44 240,248.13
28 1,021.05 383.07 239,865.06
29 1,019.43 384.69 239,480.37
30 1,017.79 386.33 239,094.04
31 1,016.15 387.97 238,706.07
32 1,014.50 389.62 238,316.45
33 1,012.84 391.28 237,925.18
34 1,011.18 392.94 237,532.24
35 1,009.51 394.61 237,137.63
36 1,007.83 396.29 236,741.35
3 Yr

---
12,203.16

---
4,646.28

 
37 1,006.15 397.97 236,343.38
38 1,004.46 399.66 235,943.72
39 1,002.76 401.36 235,542.36
40 1,001.06 403.06 235,139.29
41 999.34 404.78 234,734.52
42 997.62 406.50 234,328.02
43 995.89 408.23 233,919.79
44 994.16 409.96 233,509.83
45 992.42 411.70 233,098.13
46 990.67 413.45 232,684.67
47 988.91 415.21 232,269.46
48 987.15 416.97 231,852.49
4 Yr

---
11,960.58

---
4,888.86

 
49 985.37 418.75 231,433.74
50 983.59 420.53 231,013.22
51 981.81 422.31 230,590.90
52 980.01 424.11 230,166.79
53 978.21 425.91 229,740.88
54 976.40 427.72 229,313.16
55 974.58 429.54 228,883.62
56 972.76 431.36 228,452.26
57 970.92 433.20 228,019.06
58 969.08 435.04 227,584.02
59 967.23 436.89 227,147.13
60 965.38 438.74 226,708.39
5 Yr

---
11,705.34

---
5,144.10

 
61 963.51 440.61 226,267.78
62 961.64 442.48 225,825.30
63 959.76 444.36 225,380.93
64 957.87 446.25 224,934.68
65 955.97 448.15 224,486.53
66 954.07 450.05 224,036.48
67 952.16 451.96 223,584.52
68 950.23 453.89 223,130.63
69 948.31 455.81 222,674.82
70 946.37 457.75 222,217.07
71 944.42 459.70 221,757.37
72 942.47 461.65 221,295.72
6 Yr

---
11,436.77

---
5,412.67

 
73 940.51 463.61 220,832.10
74 938.54 465.58 220,366.52
75 936.56 467.56 219,898.96
76 934.57 469.55 219,429.41
77 932.57 471.55 218,957.86
78 930.57 473.55 218,484.31
79 928.56 475.56 218,008.75
80 926.54 477.58 217,531.17
81 924.51 479.61 217,051.56
82 922.47 481.65 216,569.91
83 920.42 483.70 216,086.21
84 918.37 485.75 215,600.45
7 Yr

---
11,154.18

---
5,695.26

 
85 916.30 487.82 215,112.64
86 914.23 489.89 214,622.75
87 912.15 491.97 214,130.77
88 910.06 494.06 213,636.71
89 907.96 496.16 213,140.54
90 905.85 498.27 212,642.27
91 903.73 500.39 212,141.88
92 901.60 502.52 211,639.36
93 899.47 504.65 211,134.71
94 897.32 506.80 210,627.91
95 895.17 508.95 210,118.96
96 893.01 511.11 209,607.85
8 Yr

---
10,856.83

---
5,992.61

 
97 890.83 513.29 209,094.56
98 888.65 515.47 208,579.09
99 886.46 517.66 208,061.43
100 884.26 519.86 207,541.58
101 882.05 522.07 207,019.51
102 879.83 524.29 206,495.22
103 877.60 526.52 205,968.70
104 875.37 528.75 205,439.95
105 873.12 531.00 204,908.95
106 870.86 533.26 204,375.69
107 868.60 535.52 203,840.17
108 866.32 537.80 203,302.37
9 Yr

---
10,543.96

---
6,305.48

 
109 864.04 540.08 202,762.29
110 861.74 542.38 202,219.91
111 859.43 544.69 201,675.22
112 857.12 547.00 201,128.22
113 854.79 549.33 200,578.90
114 852.46 551.66 200,027.24
115 850.12 554.00 199,473.23
116 847.76 556.36 198,916.87
117 845.40 558.72 198,358.15
118 843.02 561.10 197,797.05
119 840.64 563.48 197,233.57
120 838.24 565.88 196,667.69
10 Yr

---
10,214.76

---
6,634.68

 
121 835.84 568.28 196,099.41
122 833.42 570.70 195,528.71
123 831.00 573.12 194,955.59
124 828.56 575.56 194,380.03
125 826.12 578.00 193,802.03
126 823.66 580.46 193,221.56
127 821.19 582.93 192,638.64
128 818.71 585.41 192,053.23
129 816.23 587.89 191,465.34
130 813.73 590.39 190,874.94
131 811.22 592.90 190,282.04
132 808.70 595.42 189,686.62
11 Yr

---
9,868.37

---
6,981.07

 
133 806.17 597.95 189,088.67
134 803.63 600.49 188,488.18
135 801.07 603.05 187,885.13
136 798.51 605.61 187,279.52
137 795.94 608.18 186,671.34
138 793.35 610.77 186,060.57
139 790.76 613.36 185,447.21
140 788.15 615.97 184,831.24
141 785.53 618.59 184,212.65
142 782.90 621.22 183,591.44
143 780.26 623.86 182,967.58
144 777.61 626.51 182,341.07
12 Yr

---
9,503.89

---
7,345.55

 
145 774.95 629.17 181,711.90
146 772.28 631.84 181,080.06
147 769.59 634.53 180,445.53
148 766.89 637.23 179,808.30
149 764.19 639.93 179,168.37
150 761.47 642.65 178,525.71
151 758.73 645.39 177,880.33
152 755.99 648.13 177,232.20
153 753.24 650.88 176,581.32
154 750.47 653.65 175,927.67
155 747.69 656.43 175,271.24
156 744.90 659.22 174,612.02
13 Yr

---
9,120.39

---
7,729.05

 
157 742.10 662.02 173,950.00
158 739.29 664.83 173,285.17
159 736.46 667.66 172,617.51
160 733.62 670.50 171,947.02
161 730.77 673.35 171,273.67
162 727.91 676.21 170,597.47
163 725.04 679.08 169,918.38
164 722.15 681.97 169,236.42
165 719.25 684.87 168,551.55
166 716.34 687.78 167,863.78
167 713.42 690.70 167,173.08
168 710.49 693.63 166,479.44
14 Yr

---
8,716.86

---
8,132.58

 
169 707.54 696.58 165,782.86
170 704.58 699.54 165,083.32
171 701.60 702.52 164,380.80
172 698.62 705.50 163,675.30
173 695.62 708.50 162,966.80
174 692.61 711.51 162,255.29
175 689.58 714.54 161,540.75
176 686.55 717.57 160,823.18
177 683.50 720.62 160,102.56
178 680.44 723.68 159,378.88
179 677.36 726.76 158,652.12
180 674.27 729.85 157,922.27
15 Yr

---
8,292.27

---
8,557.17

 
181 671.17 732.95 157,189.32
182 668.05 736.07 156,453.25
183 664.93 739.19 155,714.06
184 661.78 742.34 154,971.72
185 658.63 745.49 154,226.23
186 655.46 748.66 153,477.58
187 652.28 751.84 152,725.74
188 649.08 755.04 151,970.70
189 645.88 758.24 151,212.46
190 642.65 761.47 150,450.99
191 639.42 764.70 149,686.28
192 636.17 767.95 148,918.33
16 Yr

---
7,845.50

---
9,003.94

 
193 632.90 771.22 148,147.11
194 629.63 774.49 147,372.62
195 626.33 777.79 146,594.83
196 623.03 781.09 145,813.74
197 619.71 784.41 145,029.33
198 616.37 787.75 144,241.58
199 613.03 791.09 143,450.49
200 609.66 794.46 142,656.04
201 606.29 797.83 141,858.20
202 602.90 801.22 141,056.98
203 599.49 804.63 140,252.35
204 596.07 808.05 139,444.31
17 Yr

---
7,375.41

---
9,474.03

 
205 592.64 811.48 138,632.82
206 589.19 814.93 137,817.89
207 585.73 818.39 136,999.50
208 582.25 821.87 136,177.63
209 578.75 825.37 135,352.26
210 575.25 828.87 134,523.39
211 571.72 832.40 133,690.99
212 568.19 835.93 132,855.06
213 564.63 839.49 132,015.57
214 561.07 843.05 131,172.52
215 557.48 846.64 130,325.88
216 553.89 850.23 129,475.65
18 Yr

---
6,880.78

---
9,968.66

 
217 550.27 853.85 128,621.80
218 546.64 857.48 127,764.32
219 543.00 861.12 126,903.20
220 539.34 864.78 126,038.42
221 535.66 868.46 125,169.96
222 531.97 872.15 124,297.82
223 528.27 875.85 123,421.96
224 524.54 879.58 122,542.38
225 520.81 883.31 121,659.07
226 517.05 887.07 120,772.00
227 513.28 890.84 119,881.16
228 509.49 894.63 118,986.54
19 Yr

---
6,360.33

---
10,489.11

 
229 505.69 898.43 118,088.11
230 501.87 902.25 117,185.86
231 498.04 906.08 116,279.78
232 494.19 909.93 115,369.85
233 490.32 913.80 114,456.06
234 486.44 917.68 113,538.37
235 482.54 921.58 112,616.79
236 478.62 925.50 111,691.29
237 474.69 929.43 110,761.86
238 470.74 933.38 109,828.48
239 466.77 937.35 108,891.13
240 462.79 941.33 107,949.80
20 Yr

---
5,812.70

---
11,036.74

 
241 458.79 945.33 107,004.46
242 454.77 949.35 106,055.11
243 450.73 953.39 105,101.73
244 446.68 957.44 104,144.29
245 442.61 961.51 103,182.78
246 438.53 965.59 102,217.19
247 434.42 969.70 101,247.49
248 430.30 973.82 100,273.67
249 426.16 977.96 99,295.72
250 422.01 982.11 98,313.60
251 417.83 986.29 97,327.32
252 413.64 990.48 96,336.84
21 Yr

---
5,236.48

---
11,612.96

 
253 409.43 994.69 95,342.15
254 405.20 998.92 94,343.23
255 400.96 1,003.16 93,340.07
256 396.70 1,007.42 92,332.65
257 392.41 1,011.71 91,320.94
258 388.11 1,016.01 90,304.94
259 383.80 1,020.32 89,284.61
260 379.46 1,024.66 88,259.95
261 375.10 1,029.02 87,230.94
262 370.73 1,033.39 86,197.55
263 366.34 1,037.78 85,159.77
264 361.93 1,042.19 84,117.58
22 Yr

---
4,630.18

---
12,219.26

 
265 357.50 1,046.62 83,070.96
266 353.05 1,051.07 82,019.89
267 348.58 1,055.54 80,964.35
268 344.10 1,060.02 79,904.33
269 339.59 1,064.53 78,839.80
270 335.07 1,069.05 77,770.75
271 330.53 1,073.59 76,697.16
272 325.96 1,078.16 75,619.00
273 321.38 1,082.74 74,536.26
274 316.78 1,087.34 73,448.92
275 312.16 1,091.96 72,356.96
276 307.52 1,096.60 71,260.36
23 Yr

---
3,992.22

---
12,857.22

 
277 302.86 1,101.26 70,159.09
278 298.18 1,105.94 69,053.15
279 293.48 1,110.64 67,942.50
280 288.76 1,115.36 66,827.14
281 284.02 1,120.10 65,707.04
282 279.25 1,124.87 64,582.17
283 274.47 1,129.65 63,452.52
284 269.67 1,134.45 62,318.08
285 264.85 1,139.27 61,178.81
286 260.01 1,144.11 60,034.70
287 255.15 1,148.97 58,885.73
288 250.26 1,153.86 57,731.87
24 Yr

---
3,320.96

---
13,528.48

 
289 245.36 1,158.76 56,573.11
290 240.44 1,163.68 55,409.43
291 235.49 1,168.63 54,240.80
292 230.52 1,173.60 53,067.20
293 225.54 1,178.58 51,888.62
294 220.53 1,183.59 50,705.02
295 215.50 1,188.62 49,516.40
296 210.44 1,193.68 48,322.72
297 205.37 1,198.75 47,123.98
298 200.28 1,203.84 45,920.13
299 195.16 1,208.96 44,711.17
300 190.02 1,214.10 43,497.08
25 Yr

---
2,614.64

---
14,234.80

 
301 184.86 1,219.26 42,277.82
302 179.68 1,224.44 41,053.38
303 174.48 1,229.64 39,823.74
304 169.25 1,234.87 38,588.87
305 164.00 1,240.12 37,348.75
306 158.73 1,245.39 36,103.36
307 153.44 1,250.68 34,852.68
308 148.12 1,256.00 33,596.69
309 142.79 1,261.33 32,335.35
310 137.43 1,266.69 31,068.66
311 132.04 1,272.08 29,796.58
312 126.64 1,277.48 28,519.09
26 Yr

---
1,871.46

---
14,977.98

 
313 121.21 1,282.91 27,236.18
314 115.75 1,288.37 25,947.81
315 110.28 1,293.84 24,653.97
316 104.78 1,299.34 23,354.63
317 99.26 1,304.86 22,049.77
318 93.71 1,310.41 20,739.36
319 88.14 1,315.98 19,423.38
320 82.55 1,321.57 18,101.81
321 76.93 1,327.19 16,774.62
322 71.29 1,332.83 15,441.80
323 65.63 1,338.49 14,103.30
324 59.94 1,344.18 12,759.12
27 Yr

---
1,089.47

---
15,759.97

 
325 54.23 1,349.89 11,409.23
326 48.49 1,355.63 10,053.60
327 42.73 1,361.39 8,692.21
328 36.94 1,367.18 7,325.03
329 31.13 1,372.99 5,952.04
330 25.30 1,378.82 4,573.22
331 19.44 1,384.68 3,188.53
332 13.55 1,390.57 1,797.96
333 7.64 1,396.48 401.48
334 1.71 401.48 0.00
28 Yr

---
281.15

---
12,759.12

 
  Interests Principal Balance
Total 217,975.15 250,000.00 0.00
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.

 




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