Mortgage Payoff Calculator
Calculate the monthly payment needed to pay off your mortgage
sooner and see how much time and interest you could save.
Enter your current mortgage balance, interest rate, remaining
term and desired payoff term in the white box. The blue box
shows the monthly payment required to reach your payoff goal
and how it compares with your current repayment schedule.
How the mortgage payoff calculator works
This calculator estimates the monthly principal and interest payment required to pay off your remaining mortgage balance within your chosen payoff term.
It compares that payment with the estimated payment required over your current remaining mortgage term and shows the additional monthly payment, time saved and estimated interest savings.
The calculation assumes a fixed interest rate and regular monthly payments. It does not include property taxes, insurance, mortgage insurance, HOA fees or other housing costs.
This calculator provides estimates for planning purposes only. Your lender's payoff figures may differ.