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Free Mortgage Payoff Calculator
Find out how quickly you can pay off your mortgage and how much interest you can save by making extra payments each month. Enter your current balance, interest rate, and monthly payment to see your payoff timeline and total interest cost.
Frequently asked questions
How much can I save by paying extra on my mortgage?
Even $100–$200 extra per month can save tens of thousands of dollars in interest and shave years off a 30-year mortgage. Use this calculator to see your specific savings.
What is the fastest way to pay off a mortgage?
Making bi-weekly payments (26 half-payments per year instead of 12 full payments) results in one extra payment per year. Combined with extra principal payments, this can significantly reduce your loan term.
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