Do you know how much interest is paid to the bank on a mortgage?
No wonder bank’s Mortgage Calculators do not give you this angle. 🙂

This Excel file can be used as a Mortgage Calculator when planning a new mortgage. Or a Mortgage Tracker to manage existing mortgage with renewals, extra payments. etc.
It makes it easy to see how an extra payment or a slightly larger monthly payment makes a big difference. Especially when the interest rates are as high as they are today.
And the mortgages are that large.

This Excel file is cell phone friendly. You can open it in Microsoft Excel mobile app. Or just use regular Excel for Windows and Mac.