How much can you rounding up $1,398 → $1,500 saves $30k+?

Rounding up $1,398 → $1,500 saves $30k+

How much can you a $5k lump sum early saves $15k+?

A $5k lump sum early saves $15k+

Is it true that combine strategies for maximum impact?

Combine strategies for maximum impact

5 proven strategies

Popular prepayment strategies

From biweekly payments to rounding up — find the strategy that fits your cash flow.

Quick answer

The four most effective mortgage prepayment strategies are: biweekly payments (one extra full payment per year), rounding up the monthly amount (e.g. $1,398 → $1,500 saves $30,000+ over a 30-year loan), making early lump-sum payments ($5,000 in year 1 saves $15,000+), and combining strategies. Biweekly works best when budget-neutral; rounding up requires no behavioural change.

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Key takeaways

04 · ideas

Biweekly = 1 extra payment/year without noticing
Rounding up $1,398 → $1,500 saves $30k+
A $5k lump sum early saves $15k+
Combine strategies for maximum impact

Illustrative chart

$200k · 7.5% · 30yr

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Five strategies, from simplest to most powerful:

Round up your payment: $1,398 → $1,500 (+$102/mo)
Fixed monthly extra: add $300 or $500 every month
Biweekly payments: pay half your monthly payment every 2 weeks
Lump-sum payments: direct bonuses or windfalls to principal
Combination: mix monthly extra + annual lump sum

Pick the one that fits your budget and automate it.