Financial Planning Tool
Mortgage Impact Analyzer
Don't just pay your mortgage — attack it. See how small changes to your strategy can save you thousands in interest.
1. Loan Details
2. Payoff Strategy
Adding directly to principal drastically reduces interest.
P&I Only
$2,844
per month
Payoff
30 yrs
Principal
$450,000
Total Interest
$573,950
Total Cost
$1,023,950
Strategy Impact
Add an Extra Monthly Payment to see how much time and interest you could save.
Disclaimer: This estimate is provided for illustrative and informational purposes only based on the scenario provided. Rates and payments assume a FICO® credit score of 780 or higher. This is not a loan approval or a commitment to lend. Interest rates, fees, and terms are subject to change without notice based on market conditions and borrower eligibility. Actual APR and terms may vary based on your credit history, income, assets, and property characteristics.
Custom Analysis
Ready to run the real numbers?
Calculators are great for estimates, but every borrower's credit, DTI, and goals are unique. Let's build a custom fee sheet for you.
- Your scenario is attached automatically
- Reply within one business day
- No credit pull to get a quote
Loans by Vai
Understanding the Numbers
Mortgages are front-loaded, meaning you pay mostly interest in the early years. Here is how to use this tool to your advantage.
Amortization
Every payment is split between principal (your equity) and interest (bank profit). In year one, roughly 80% of your payment goes to interest.
The 'Extra' Strategy
By adding just $100/mo to your principal, you skip the interest that would have accrued on that $100 for the next 30 years.
Texas Taxes
This calculator shows P&I. In Texas you must budget roughly 2.0–2.5% of the home value per year for property taxes on top of it.
Ready to run the real numbers?
Every borrower's credit, DTI, and goals are unique. Let's build a custom fee sheet for your scenario.