Mortgage Statement Analyzer
Analyze your mortgage: payment split, months to payoff, payoff date, total interest, and exactly how much extra monthly payments save. Free and offline.
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What is Mortgage Statement Analyzer?
The Mortgage Statement Analyzer simulates your loan month by month: how each payment splits between interest and principal, the exact months to payoff with a calendar date, total interest over the remaining life - and an extra-payment scenario showing the money and months saved, all computed in your browser.
Key Benefits
- See the interest/principal split move over the life of the loan
- Concrete payoff date instead of a vague remaining term
- Extra-payment savings quantified in both money and months
- Catch impossible payments that never outgrow the interest
- Private - numbers stay on your device
Common Use Cases
- •Deciding whether a 100 extra per month is worth it on a 200k loan
- •Planning the end date of a mortgage before retirement
- •Comparing lump-sum bonuses against monthly extra payments
- •Understanding why early extra payments beat later ones
How to Analyze Your Mortgage
- Enter the loan facts: Type the remaining balance, annual rate, and your current monthly payment.
- Read the current plan: See how each payment splits, the months to payoff, the payoff date, and total interest.
- Test extra payments: Add an extra monthly amount to compare the shortened timeline and interest savings.
Key Features
- Per-payment interest/principal split starting from month one
- Exact months-to-payoff with a calendar payoff date
- Total interest over the remaining life of the loan
- Extra-payment scenario with exact money and months saved
- Rejects payments too small to cover monthly interest
- Month-by-month simulation, 100% in your browser