Calculator
Mortgage Payoff Calculator
See how making extra payments — monthly, annually, or as a lump sum — can shorten your loan term and save thousands in interest. Enter your current loan details and an extra payment amount to get started.
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Interest Saved
$0
With extra payments
Time Saved
0 years
New Payoff Date
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Total Interest
$0
Extra Monthly Payment
Adding even $100–$200/month to your payment can cut years off your loan. The calculator shows the exact payoff date and total interest saved for any extra amount.
Lump Sum Payment
A one-time payment — like a tax refund or bonus — applied to principal can make a significant dent. The calculator lets you model one-time payments alongside regular extra payments.
Interest Saved
Every dollar of principal you pay early eliminates all the future interest that would have accrued on it. This compounding effect makes extra payments increasingly valuable over time.