Tool 08 of 30  ·  Debt

Extra mortgage payments save you more than you expect.

Enter your mortgage and extra payment. See interest saved, years cut, and the wealth you build after payoff.

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Interest Saved by Overpaying
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What This Really Means
Adjust the sliders to see your personalised analysis.
Full Breakdown
Mortgage summary
Standard payoff
Accelerated payoff
Interest (standard)
Interest (with extra)
Freedom fund (reinvested)

Common Questions

Is overpaying a mortgage always the best use of money?
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Not always. If your mortgage rate (e.g. 3.5%) is lower than your expected investment return (e.g. 7%), investing the extra may build more wealth. At high rates (6.5%+), overpaying is often the better guaranteed return.
What happens after the mortgage is paid off?
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Your monthly payment becomes free cash. Reinvesting it (as this tool models) can build significant wealth. The 'Freedom Fund' metric shows exactly how much.
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Disclaimer: For educational purposes only. Not financial advice. Projections use historical averages and are not guaranteed. Individual results will vary. Consult a qualified financial advisor before making financial decisions.