Finance

Mortgage Payoff Calculator

Calculate how much you can save by paying off your mortgage early with extra payments

100% FreeStep-by-Step Solutions

Enter your mortgage details and extra payment amount

Loan Amount ($)

Annual Interest Rate (%)

Loan Term (years)

Extra Monthly Payment ($)

Try These Examples

Click on any example to automatically fill the calculator

Example 1

$300,000 loan, 4.5%, 30 years,$ 200 extra

loanAmount: 300000

interestRate: 4.5

years: 30

extraPayment: 200

Benefits of Early Payoff

Tips for Early Payoff

Make extra payments regularly - Even small amounts add up

Apply windfalls - Tax refunds, bonuses, etc.

Bi-weekly payments - Make half payments every two weeks