See how many years you could cut off your mortgage and how much interest you would save with extra payments or velocity banking.
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Compare your current payoff against a velocity banking plan and see the interest you keep.
Estimate how many years faster you could be debt-free by routing income through a line of credit.
Run unlimited scenarios in your browser. No account required to see your numbers.
Enter your mortgage balance, interest rate, and the extra amount you can put toward it each month. The calculator estimates your new payoff date and the total interest you would save versus staying on the standard 30-year schedule.
It also models velocity banking — using a HELOC or line of credit to lower the interest charged on your average daily balance while you make large payments against principal. Compare the two approaches side by side and pick the pace that fits your cash flow.
Enter your mortgage balance, interest rate, and how much extra you can put toward it each month. The calculator estimates your new payoff date and the interest you would save, and shows how velocity banking could accelerate that further.
The two most common ways are making extra principal payments and using velocity banking. Extra payments reduce principal directly; velocity banking uses a line of credit to lower the interest you pay on your average daily balance while chunking large payments against the mortgage. This tool lets you compare both.
On a typical 30-year mortgage, even modest extra payments can save tens of thousands in interest and cut years off the term. The exact number depends on your balance, rate, and how much extra cash flow you apply — run your own figures to see.
Extra payments are simpler and carry no added risk. Velocity banking can be faster but relies on a line of credit with a variable rate and requires discipline. The right choice depends on your cash flow and risk tolerance — the calculator shows both so you can compare.
Yes. It runs in your browser with no account required. It is an educational tool, not financial advice — consult a licensed professional before making a decision.
See how many years — and how much interest — you could cut from your mortgage
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