Get ready to rock and figure out what your payment might look like. Remember that this doesn't include Property Taxes, Property Insurance, and PMI (if it applies to you). If you figure $150/mo for insurance, 1% of the property price for taxes, and .5% of the loan amount per year for PMI you should be pretty close, though.
Would you like to pay off your mortgage earlier? This Mortgage Payoff Calculator estimates how paying extra each month, or biweekly, can accelerate the time to pay off your loan and how much interest you can save by doing so.
Every extra penny that you put toward your mortgage payment is removed from your principal balance. Whether it's a tax refund or extra yearly payment, see how you can accelerate your mortgage payoff.
Early Mortgage Payoff Calculator
Every extra penny that you put toward your mortgage payment is removed from your principal balance. Whether it's a tax refund or extra yearly payment, see how you can accelerate your mortgage payoff.
Mortgage Information
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Monthly P&I payment:
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Loan Original Payoff Date:
Loan New Payoff Date:
Original Total Interest:
New Total Interest:
Paying extra will save you and .
Amortization Comparison Table
The following amortization schedule compares the the interest paid versus principal paid in each payment and the remaining principal balance, over the life of your loan, compared to making extra payments.
About this Early Payoff calc text area if necessary.
A message from Jon Bodan:
Get ready to rock and figure out what your payment might look like. Remember that this doesn't include Property Taxes, Property Insurance, and PMI (if it applies to you). If you figure $150/mo for insurance, 1% of the property price for taxes, and .5% of the loan amount per year for PMI you should be pretty close, though.
