For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Rates vary based upon market conditions and borrower qualification.
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.
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A message from Marc Erickson:
For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Rates vary based upon market conditions and borrower qualification.
