Compare the financial benefits of making extra mortgage payments versus investing that money. See which strategy works better for your situation with detailed tax considerations, including mortgage interest deductions and investment returns.
Loan, Tax & Investing Inputs
Extra Principal
One-Time Extra
Recurring Monthly Extra
Payment Summary
Balance & Cumulative Interest
- Ending Balance
- Cumulative Interest (gross)
- Cumulative Interest (after tax)
Yearly Principal vs Interest (with extras)
- Principal (incl. extras)
- Interest
| # | Date | Payment | Interest | Principal (incl. Extras) | Extras | Ending Balance |
|---|---|---|---|---|---|---|
| 1 | 2026-10-01 | $2,528.27 | $2,166.67 | $361.60 | $0.00 | $399,638.40 |
| 2 | 2026-11-01 | $2,528.27 | $2,164.71 | $363.56 | $0.00 | $399,274.84 |
| 3 | 2026-12-01 | $2,528.27 | $2,162.74 | $365.53 | $0.00 | $398,909.31 |
| 4 | 2027-01-01 | $2,528.27 | $2,160.76 | $367.51 | $0.00 | $398,541.80 |
| 5 | 2027-02-01 | $2,528.27 | $2,158.77 | $369.50 | $0.00 | $398,172.30 |
| 6 | 2027-03-01 | $2,528.27 | $2,156.77 | $371.50 | $0.00 | $397,800.80 |
| 7 | 2027-04-01 | $2,528.27 | $2,154.75 | $373.52 | $0.00 | $397,427.28 |
| 8 | 2027-05-01 | $2,528.27 | $2,152.73 | $375.54 | $0.00 | $397,051.74 |
| 9 | 2027-06-01 | $2,528.27 | $2,150.70 | $377.57 | $0.00 | $396,674.17 |
| 10 | 2027-07-01 | $2,528.27 | $2,148.65 | $379.62 | $0.00 | $396,294.55 |
| 11 | 2027-08-01 | $2,528.27 | $2,146.60 | $381.67 | $0.00 | $395,912.88 |
| 12 | 2027-09-01 | $2,528.27 | $2,144.53 | $383.74 | $0.00 | $395,529.14 |
| 13 | 2027-10-01 | $2,528.27 | $2,142.45 | $385.82 | $0.00 | $395,143.32 |
| 14 | 2027-11-01 | $2,528.27 | $2,140.36 | $387.91 | $0.00 | $394,755.41 |
| 15 | 2027-12-01 | $2,528.27 | $2,138.26 | $390.01 | $0.00 | $394,365.40 |
| 16 | 2028-01-01 | $2,528.27 | $2,136.15 | $392.12 | $0.00 | $393,973.28 |
| 17 | 2028-02-01 | $2,528.27 | $2,134.02 | $394.25 | $0.00 | $393,579.03 |
| 18 | 2028-03-01 | $2,528.27 | $2,131.89 | $396.38 | $0.00 | $393,182.65 |
| 19 | 2028-04-01 | $2,528.27 | $2,129.74 | $398.53 | $0.00 | $392,784.12 |
| 20 | 2028-05-01 | $2,528.27 | $2,127.58 | $400.69 | $0.00 | $392,383.43 |
| 21 | 2028-06-01 | $2,528.27 | $2,125.41 | $402.86 | $0.00 | $391,980.57 |
| 22 | 2028-07-01 | $2,528.27 | $2,123.23 | $405.04 | $0.00 | $391,575.53 |
| 23 | 2028-08-01 | $2,528.27 | $2,121.03 | $407.24 | $0.00 | $391,168.29 |
| 24 | 2028-09-01 | $2,528.27 | $2,118.83 | $409.44 | $0.00 | $390,758.85 |
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