Save by Making an Extra Payment

This mortgage prepayment calculator shows you how much sooner you pay off your loan by making extra payments. Fill in the following information and click the Calculate button for your mortgage prepayment savings.

Remaining loan balance:
Annual interest rate:
Years remaining on loan:
Monthly payments:

Results: print this page

Years remaining in new plan:
Total remaining payments under old plan:
Total remaining payments under new plan:
Total interest saved:

Note: This calculator is intended for informational purposes only and GMAC is not responsible for any errors in calculations. This calculator may use certain assumptions that may not apply to your specific case. The calculator is not meant to be used as the basis for any savings, expense, investment, or other financial decision.