Mortgage Payoff Calculator
Calculate how extra payments can pay off your mortgage early. See total interest saved, payoff date, and amortization schedule.
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Monthly Payment
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Original Payoff
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New Payoff
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Interest Saved
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Time Saved
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Total Interest (New)
Biweekly Payment Option
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Biweekly Payment
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Interest Saved
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Time Saved
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Payoff Time
Amortization Schedule
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Frequently Asked Questions
How do extra mortgage payments save money?▾
Extra payments go directly toward your principal, reducing the balance that accrues interest. Even small additional monthly payments can save tens of thousands in interest and shave years off your mortgage.
Should I make extra monthly payments or one lump sum?▾
Both help. This calculator lets you compare extra monthly payments, biweekly payments, or a one-time lump sum to see which strategy saves the most interest for your situation.
What is an amortization schedule?▾
An amortization schedule shows the breakdown of principal and interest for each payment over the life of the loan. This calculator generates a full schedule so you can see exactly where your money goes.
Is my financial data safe?▾
Yes. All calculations happen entirely in your browser. No data is ever sent to a server.