Mortgage Payoff Calculator

See how you can pay your mortgage off faster, and save thousands of dollars in interest by adding a little to your monthly mortgage payment. Use this early mortgage payoff calculator to find out how much interest you can save making extra payments towards your monthly mortgage. The additional payments will reduce the principal, as well as the total amount of interest you will pay, and the number of payments.

  • ivlichelle

    If you ever find one, please let me know! I'd love to be able to really fine-tune one of these with original amount / amount currently owed instead of just assuming that we are just starting at X years in, and we're paid off $Z from the original amount - at least this one doesn't assume you are paying the same amount extra from month one!

    We're a little over two years into a 30 year mortgage, every other month or so I've increased our additional principle payment by another $10-20 - Having the mindset of "Oh another $10 wouldn't be missed each month" plus we've made some extra payments.