Someone told me that you can find a website on the internet that will tell you if you pay so much extra on your mortgage how many years earlier you would pay off your loan? Does anyone happen to know of the site. I just bought my first home and am hoping to pay a little extra every month and this would be neat to see how it would effect the mortgage overall. Thanks.

There are loads of mortgage caculators on the net - see if this one's any good. If not, I'll find some more.

http://www.bbc.co.uk/homes/property/...lculator.shtml

Added: there's this one, too:
http://www.oneaccount.com/onev3/calculator/index.html

which deals more with the actual shrinkage.

Thank you guys very much. These will definetly help. You have a great day.

Try also, mortgage-calc.com It has a place where you can do amortization schedules.