Mortgage Impact Analyzer
Don't just pay your mortgage—attack it. See how small changes to your strategy can save you thousands in interest.
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 1, almost 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
Remember: This calculator shows P&I (Principal & Interest). In Texas, you must budget an extra ~2.5% of the home value for property taxes.
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.