Mortgage Payoff Calculator
Pay off your mortgage years early.
Enter your values
Results update instantly as you type — no submit needed.
Results
- New payoff time
- 19 yr 8 mo
- Months saved
- 76
- Interest saved
- $80,866.51
- New monthly payment
- $2,067.79
- Total interest paid
- $206,284.00
Quick answer
Extra principal payments compound: even $200 a month can remove several years and tens of thousands in interest.
How to use the Mortgage Payoff Calculator
- 1Enter your remaining balance and rate.
- 2Enter years left on the loan.
- 3Try different extra payment amounts.
Frequently asked questions
Is paying off early always best?
Not if your rate is below what you can earn investing — compare after tax.
Do I need to tell the lender?
Yes, mark extra funds as principal-only or they may be applied to next month's payment.