Extra Mortgage Payment
See interest saved and a shorter term after an extra mortgage payment.
Original total interest
272 786 Kč
New total interest
216 539 Kč
Interest saved
56 247 Kč
Months saved
23
New term (months)
97
Base payment
10 607 Kč
Advertisement
Methodology
Reduce-term strategy: keep the annuity payment; extra (monthly and/or one-time) cuts principal — outputs interest saved and months saved.
Example: 1M CZK, 5%, 10 years + 2,000 CZK/month extra → shorter term and lower total interest
Methodology
Extra payment reduces principal; interest saved = difference in total interest before and after, term shortens.
Example
Extra 200,000 CZK on a 3M mortgage may save over 100,000 CZK in interest.