Mortgage Payoff Calculator
Free mortgage payoff calculator. Get instant results — no signup, no account. Plan and compare with confidence.
Use the Mortgage Payoff Calculator below.
See how extra principal payments shorten your mortgage payoff and reduce total interest. Free mortgage payoff calculator for USA and worldwide.
How to use Mortgage Payoff Calculator
Enter mortgage details
Input balance, rate, and current monthly payment.
Enter extra payment
Input extra principal per month or lump sum.
View results
See new payoff date and total interest saved.
Features
- Instant results — no waiting or signup.
- Free to use — no hidden fees.
- No login or account required.
- Works on all devices — desktop, tablet, and mobile.
- Your data stays private — we do not store your inputs.
Why use this calculator
- Plan your finances with accurate estimates.
- Compare scenarios in seconds.
- Make informed decisions before you borrow or invest.
Supported browsers and devices
- All modern browsers (Chrome, Firefox, Safari, Edge).
- Mobile-friendly — use on phone or tablet.
- No app download — runs in your browser.
Frequently asked questions
Complete guide to Mortgage Payoff Calculator
What is a mortgage payoff calculator?
A mortgage payoff calculator shows how extra payments or a higher monthly payment affect when your mortgage is paid off and how much interest you save. Enter your current balance, interest rate, and planned monthly payment (including any extra). The calculator tells you the payoff date and total interest paid. Even small extra payments can cut years off your loan.
Strategies to pay off your mortgage faster
- Round up: Pay an extra $50–$200 per month toward principal.
- Biweekly payments: Half your monthly payment every two weeks equals one extra full payment per year.
- Apply windfalls: Tax refunds or bonuses toward principal.
- Refinance to a shorter term (e.g. 15 years) if you can afford the higher payment.
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Disclaimer
Our financial calculators are for informational and educational purposes only. Results are estimates based on the inputs you provide and standard formulas. They are not financial, tax, or legal advice. We do not store or share the numbers you enter.