Home & Property
Mortgage Payoff Calculator
A little extra each month goes straight to principal. See how much sooner you'd be mortgage-free and how much interest you'd save.
Your numbers
$
6.5%
yrs
$
Statement
Interest saved
$103,449
paid off 6 yrs 11 mos sooner
- Payoff time, as-is
- 30 yrs
- Payoff time, with extra
- 23 yrs 1 mo
- Time saved
- 6 yrs 11 mos
- Total interest, as-is
- $382,633
- Total interest, with extra
- $279,185
Adding $200 a month pays the loan off 6 yrs 11 mos early and saves $103,449 in interest.
Over time
As-isWith extra
Interest saved$103,449
Estimates only — not financial advice. They produce estimates based on the figures you enter and do not account for every fee, tax or change in rate.
Frequently asked questions
Related calculators
Mortgage Calculator
Enter a home price, down payment and rate to see your full monthly payment — principal, interest, property tax and insurance — plus how much interest you'll pay over the life of the loan.
Refinance Calculator
Compare your current mortgage to a new rate. We'll show the monthly saving, lifetime interest saved, and how long it takes to recoup the closing costs.
Debt Payoff Calculator
Compare two proven strategies. Avalanche targets the highest rate first to save the most money; snowball clears the smallest balance first for quick wins. Set your debts and an extra amount to throw at them.