Accelerate a New York mortgage payoff by adding extra principal each month.
Shows how extra principal shortens a New York mortgage: the extra amount cuts months off the loan and reduces total interest compared with sticking to the required payment.
Payoff
Simulated amortization with extra principal applied monthly
Estimate — assumes you pay extra every month.
Most fixed-rate mortgages have no prepayment penalty, but confirm with your lender.
Rates are approximate reference values. Local rates, exemptions and rules can differ, so treat the output as a planning figure only.