General Question

getsaf's avatar

How much money will I save by making a weekly mortgage payment with an extra $30 per payment?

Asked by getsaf (26points) July 28th, 2009

Mortgage is for $220,000 @ 30 years.
apr is 5.2%

Put this mortgage on a weekly payment plan with an extra $30 to principal on each payment.

I’ve looked at every mortgage calculator out there but none of them offer weekly payment + an extra $30

My closest estimate puts me at saving 8 years but my math sucks.

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1 Answer

marinelife's avatar

This calculator lets you plug in the details of your loan and the impact of extra payments.

Welcome to the collective, by the way.

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