Mortgage Payoff Calculator

See how extra payments can help you pay off your mortgage faster and save on interest.

  • Methods explained
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  • Compare saved scenarios

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Payoff Results

Months to Payoff193
Years to Payoff16.1
Total Interest$153,003
Interest Savings$36,613
Months Saved39
How it works›

Model and assumptions. Projects monthly interest and principal with the entered additional payments. Extra principal reduces later interest and payoff time; it does not reduce the contractual payment. The projection uses monthly accrual, not a lender-specific daily-interest schedule.CFPB: paying down a mortgageOpenStax: annuity formulas