Make extra payments.
Understand the impact.
Explore how extra principal payments could change your mortgage payoff date and total interest.
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What makes a mortgage pay off sooner?
Extra money applied to principal reduces the balance used to calculate future interest. Compare consistent monthly extra payments with a one-time payment. Keep required payments current and confirm how your servicer applies extra money.
Extra principal
Ask your servicer how to designate extra principal separately from regular payments and escrow.
Your cash flow
Choose an amount you can sustain while allowing for essential expenses and unexpected costs.
Your other debts
Compare balances and rates across your household. The mortgage may not be the first priority.
Keep your next
step simple.
NIFE connects homeowners and people managing debt with practical education, consumer tools, and human guidance.
Learn more: CFPB: mortgage payments and servicing.