Mortgage Payoff Calculator
Calculate how extra mortgage payments can accelerate your payoff and save you thousands in interest.
New Payoff Time
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Original Payoff Time
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Time Saved
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Interest Saved
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Original Total Interest
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New Total Interest
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Monthly Payment
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Extra Payment Strategies
- Round up payments: Round your payment to the nearest $100 for easy extra principal.
- Bi-weekly payments: Pay half your mortgage every two weeks for one extra payment per year.
- Annual lump sum: Apply tax refunds or bonuses as extra payments.
- Small recurring extra: Even $50-100 extra per month makes a significant difference.