Extra Mortgage Payment Calculator
See the power of consistency. This tool calculates the specific impact of regular extra monthly payments. It proves that you do not need a lottery win to kill your mortgage—just consistent, small overpayments.
Amount you pay ABOVE your regular EMI
Impact Visualizer
By adding extra payments:
- Add ₹5,000: Save ₹8.5 Lakhs (5.2 Years saved)
How to Use
- Focus on the "Interest Saved" field.
- Compare investing that extra ₹5,000 vs paying the loan.
- Use the results to set up a standing instruction with your bank.
Benefits
- Detailed "Before vs After" comparison.
- Shows the "Effective Interest Rate" reduction.
- Great for bi-weekly payment simulation.
Frequently Asked Questions
What is a bi-weekly payment?
Paying half your EMI every 2 weeks results in 26 half-payments (13 full payments) per year. This "one extra payment per year" strategy painlessly shaves years off your mortgage.