Mortgage Payoff Calculator
Calculate how much time and money you can save by making extra payments toward your mortgage
Mortgage Information
Payoff Results
Amortization Schedule
Loan Details
This amount is calculated based on your loan details
Extra Payments
Summary
Monthly Payment
$1,520.06
Remaining Loan Term
27 years
Total Interest Paid
$247,220.00
Total Cost of Loan
$547,220.00
How it works
This calculator helps you determine how much sooner you can pay off your mortgage by making extra payments. Even small additional payments can significantly reduce your loan term and total interest paid.
Your Mortgage Payoff Summary
Total Interest Savings
$47,220.00
Time Saved
4 years, 8 months
New Payoff Date
May 2045
Total Cost with Extra Payments
$500,000.00
Payoff Results
TOTAL INTEREST SAVINGS
$47,220.00
TOTAL TIME SAVINGS
4 years, 8 months
Impact of Extra Payments
Original Total Interest
$247,220.00
With Extra Payments
$200,000.00
Original Principal + Interest
$547,220.00
With Extra Payments
$500,000.00
Payoff Timeline
Jan 2050
May 2045
Amortization Schedule
See how each payment affects your loan balance over time
| Year | Payment | Principal | Interest | Total Interest | Balance |
|---|