Find out what a 26 year mortgage payment will look like for you!
The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Results should be discussed with a qualified professional before any product purchases or loan commitments are made.
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How Much Can You Save?
- Mortgage Term
- 30 Year Mortgage
- 26 Year Mortgage
- -0.30%
- Total Borrowed
- $225,000
- $225,000
- -0.30%
- Rate
- 6.25%
- 5.95%
- -0.30%
- Total Number of Payments
- 360
- 312
- 48 fewer monthly payments
- Monthly Payment
- $1,385.36
- $1418.83
- Increase of $33.47 monthly payment
- Total Mortgage Paid
- 498,729.60
- 442,674.96
- Savings of $56,054.64 over the life of the loan
The payment amounts and total figures shown above are for illustrative purposes only and are based on example loan assumptions. Actual monthly payments, interest rates, and total loan costs may vary depending on credit qualifications, loan amount, interest rate, property type, taxes, insurance, and other factors. This comparison assumes a fixed interest rate and does not include estimates for property taxes, homeowners insurance, mortgage insurance, HOA fees, or other applicable costs unless otherwise stated. Early payoff scenarios, refinancing, and rate changes may impact total interest paid. This information does not constitute a loan approval, rate lock, or commitment to lend. All loans are subject to credit approval and underwriting guidelines. Please contact a loan professional for personalized loan terms and an official quote.
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Dana Upton
Mortgage Lender
