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.
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.
Original Loan
With Extra Payments
Payment
Date
Principal
Interest
Balance
Principal
Interest
Balance
About this Early Payoff calc text area if necessary.
