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Mortgage Payoff Calculator

FREE

See how extra payments can save thousands in interest and years of payments

Real Estate & Major Purchases

Inputs

Enter your information

How It Works

1Enter your current mortgage balance and interest rate
2Add monthly or one-time extra payments
3See total interest saved and time reduced
4Compare payoff schedules with and without extra payments

Assumptions

•Interest rate remains constant
•Extra payments applied directly to principal
•No prepayment penalties

⚡Pro Features

✓Bi-weekly payment strategy analysis
✓Tax deduction impact on actual savings
✓Opportunity cost vs investing extra payments

Results

Fill in the inputs to see your results

Enter your data to calculate

How This Calculator Works

1Enter your current mortgage balance and interest rate
2Add monthly or one-time extra payments
3See total interest saved and time reduced
4Compare payoff schedules with and without extra payments

⚡Unlock Pro Features

✓Bi-weekly payment strategy analysis
✓Tax deduction impact on actual savings
✓Opportunity cost vs investing extra payments

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