Join AARP Today!
- Discounts on travel and everyday savings.
- Subscription to AARP The Magazine.
- Free membership for your spouse or partner.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
The yearly cost of a mortgage, including interest, mortgage insurance, and the origination fee (point(s)), expressed as a percentage. Maximum APR is 20%.
Total length, or term, of your original mortgage in years. The most common lengths are 30 years and 15 years.
The original amount financed with your mortgage. Not to be confused with the remaining balance or principal balance.
Your proposed extra payment per month. This payment will be used to reduce your principal balance.
Monthly principal and interest payment (PI) based on your original mortgage amount, term and interest rate.
Scheduled payment plus additional monthly payment.
Total amount you would save in interest if you made the accelerated payment until your mortgage was paid in full.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
From companies that meet the high standards of service and quality set by AARP.
Members can protect their homes with comprehensive repair plans from HomeServe.
Members can get cash back rewards on purchases with the AARP® Credit Card from Chase.
Members can find discounts on the go via the AARP® Member Advantages Offer Finder app.
Join or renew today! AARP members receive exclusive member benefits & affect social change.
AARP is a nonprofit, nonpartisan organization that helps people 50 and older improve the quality of their lives.