Additional Payments Mortgage Calculator

If you’re trying to pay down your existing mortgage, you might be wondering what the impact would be if you simply increased your monthly payment each month by just a little, or even a lot. When you increase your monthly payment, the amount of the increase gets applied directly to reducing the amount owed, or principle.

This is just one of several free online mortgage calculators we offer about various home loan related scenarios. Questions and your current loan is serviced by Greater Nevada Mortgage? Contact our Loan Servicing team and we can help answer them for you.

Important note: Include only your Principal & Interest amount in the monthly payment field. Exclude any extra amounts (like Tax & Insurance) to have the calculator show you accurate information in the Current Payment Level section.

This calculator is indeed solely for general information and educational purposes. Greater Nevada Mortgage does not guarantee the accuracy of the calculations or the availability of any of the terms provided. Your actual rate, payment and costs could be higher. The calculator is not intended in any way as financial, insurance, tax or legal information regarding your financial situation, please consult with a financial advisor.

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