---
title: "Rocket Mortgage data shows 1 in 4 homeowners make extra annual mortgage payment, cutting payoff by nearly six years"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296384557.md"
description: "Rocket Companies analysis reveals that approximately 25% of its clients make at least one extra annual mortgage principal payment. This practice can reduce payoff timelines by nearly six years and save significant interest, such as $68,000 on a typical 30-year fixed loan at 6.67%. Borrowers with ultra-low rates from 2020-2022 are more likely to prepay, while higher-rate borrowers in 2023-2025 tend to make larger but less frequent extra payments."
datetime: "2026-08-19T17:20:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296384557.md)
  - [en](https://longbridge.com/en/news/296384557.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296384557.md)
generator: "portal-rs"
---

# Rocket Mortgage data shows 1 in 4 homeowners make extra annual mortgage payment, cutting payoff by nearly six years

-   Rocket Companies analysis found about 25% of Rocket Mortgage clients made at least one extra principal payment each year. \* Average extra contributions equaled about one additional monthly payment annually, cutting some payoff timelines by nearly six years. \* At a 6.67% rate, a $221,977 30-year fixed mortgage could save about $68,000 in interest with one extra payment yearly. \* Slightly more than two extra monthly payments a year could accelerate payoff by about 10 years. \* Borrowers with 2020-2022 ultra-low rates were more likely to prepay; higher-rate 2023-2025 borrowers prepaid less often but in larger amounts. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief on August 19, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**