Current plan
Your scheduled principal-and-interest payment without additional principal.
- Monthly payment
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- Payoff date
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- Time remaining
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- Remaining interest
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- Interest saved
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Borrowing
Mortgage payoff calculator
See what happens if you start paying extra on the mortgage balance you owe today.
Results are educational estimates for a fixed-rate mortgage, not financial advice or a lender statement.
Current plan vs extra payments
With extra payments
Your scheduled payment plus extra principal.
- Monthly payment
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- Payoff date
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- Time remaining
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- Remaining interest
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- Interest saved
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Remaining mortgage balance
Compare the balance under your current plan with the accelerated path.
What if you paid a different amount?
Compare several monthly extra-payment amounts without changing the main estimate.
Amortization schedule
| Date | Payments | Principal | Interest | Extra | Balance |
|---|
How to use this mortgage payoff estimate
This calculator starts with the mortgage balance you owe today. It holds your fixed interest rate and scheduled principal-and-interest payment constant, then applies optional extra principal after the scheduled payment.
Assumptions and limitations
- Extra amounts are applied directly to principal with no prepayment penalty.
- The model does not include escrow, property tax, insurance, HOA fees, adjustable rates, recasting, or lender-specific rounding.
- Confirm that your servicer applies additional money to principal and compare the estimate with your mortgage statement.
Extra payments and liquidity
Interest savings are not an investment return. Paying principal can reduce future mortgage interest, but it also makes that cash less liquid. This educational estimate does not compare taxes, investment risk, or alternative uses of cash.