Calculators are provided for education and illustrative purposes only. The accuracy of the calculations and their applicability to your circumstances are not guaranteed. Please consult your mortgage, financial or tax advisor regarding your unique situation.
Extra Mortgage Payments & Amortization Calculator
How much could you save in interest by making extra mortgage payments?
Mortgage Amortization Calculator with Extra Payments
This calculator helps you get a general estimate. For a more personalized experience for your specific budget, try our Home Insight© Planner.
Calculators are provided for educational and informational purposes only. Estimates and other information generated is deemed reliable, but is not guaranteed.
Check PNC's Current Mortgage Rates
FAQ
You’ll enter information about your loan – whether it’s new or existing, the purchase price, down payment, term and interest rate.
You can also expand the Extra Payments section to fill in information about extra payments – whether you’ll make a lump sum or recurring payment, how often, when you’ll start and stop and the amount.
Based on your information, the calculator will tell you how much you can save on interest by making extra payments.
You can also click Payoff in Months for a chart comparing how many months it will take you to pay off your loan with and without extra payments.
You can also click Amortization, then See Table under either Without Extra Payments or With Extra Payments for a table listing each month’s payment, remaining balance, principal and interest paid and cumulative interest.
From the Payoff in Months or Amortization view, you can click Interest Paid to get back to the original view.
Interest is a percentage of the remaining loan amount (principal) that you’re charged each month. By making extra payments, you decrease the principal amount, which means the interest percentage is charged based on a smaller principal. You may also finish paying off your loan sooner – each month you don’t need to make a payment is an interest charge you don’t have to pay.
You can make an extra payment in many of the same ways you can make monthly payments – with Online Banking, Voice Banking, by visiting a branch or by mail.
Visit our Mortgage Customer Service page for more information.
Mortgage rates can change daily. Check current mortgage rates.
Other Calculators You Might Be Interested In
Next Step
Are You Ready to Start Your Preapproval?
Prepare your Finances & Start a Preapproval
More Mortgage Resources
What Real Estate Agents Should Look for in Lending Partners They Refer
Discover what realtors must evaluate when selecting a lending partner, from industry expertise to responsive support for seamless transactions.
9 min read
Open House Ideas for Real Estate Agents
Discover innovative open house ideas to captivate potential buyers. See how you can transform your event into a memorable experience.
6 min read
When Is The Best Time To Buy A Home?
It’s less about market conditions and more about your own financial condition.
4 min read
Have questions?
We're here to help!
Rate may increase after settlement.
Digital preapproval requires the assistance of a Mortgage Loan Officer. After the first part of the application process is complete, a PNC Mortgage Loan Officer will reach out to finish the remainder of the preapproval.
Borrower must satisfy pre-approval conditions outlined in commitment letter. Final loan approval and amount are subject to verification of loan data, property appraisal and underwriting conditions.
PNC, PNC HomeHQ, PNC Home Insight and Home Insight are registered service marks of The PNC Financial Services Group, Inc. ("PNC"). PNC has a pending patent application directed at various features and functions of Home Insight® Planner. All loans are provided by PNC Bank, National Association, a subsidiary of PNC, and are subject to credit approval and property appraisal.
©2024 The PNC Financial Services Group, Inc. All rights reserved.
PNC Bank, National Association. Member FDIC
Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.