Have A Car/Home Loan??? Check This Calculator Tool Out!

I'm sure most of you have heard of mortgage calculators. Here's one that I've found to be pretty easy to use and eye-opening.

Bankrate.com

The cool part about this particular calculator is that just below the normal calculator part is an additional tool that allows you to see how adding extra money (each month, one time, or once each year) to your payment will affect the payoff date of the loan.

EXAMPLE:
Just for kicks, I checked to see what an extra $20 and $100 a month would do to 'my' loan.

$20 EXTRA:
It took almost 2 YEARS off the payoff date.
Total Savings = $17,760 (about $2 every day or $730 per year for 26yrs!)

$100 EXTRA:
It took 7 YEARS off the payoff date.
Total Savings = $56,400 (about $6 every day or $2,190 per year for 26yrs!)

WOW!!! Please tell me I'm not the only one motivated to put an extra bit of money towards my loan each month. Now....where do I find that money???? Eeek!