Want to pay off your home and own it sooner than the typical 30-year term most home owners use? If so, this calculator can help. Simply enter how much you owe & this calculator will tell you how much extra you need to add to your monthly home loan payments to own your house free and clear by the target date. Please note this calculator focuses on the debt related portions (principal & interest) of your monthly payments. Please exclude other extras like insurance & HOA fees when making calculations.
The following table displays current rates across the consumer economy.
For debt, select between mortgage or auto loans. For savings, select between CDs and regular savings accounts.