How To mortgage loan Payoff Calculator
Mortgage payoff calculator: extra payment & biweekly savingsSee how additional payments shorten your term & save thousands in interest
📋 1. Enter your loan details
⚡ 2. Extra payment method
📈 3. Payoff result & interest savings
17 yrs 3 mos payoff time
$122,306 interest saved 26% less
7 yrs 9 mos faster
🏦 Original mortgage
Monthly payment $2,398.20
Total payments $863,353
Total interest $463,353
Payoff term 25 yrs
⚡ With extra payments
Monthly payment $2,898.20
Total payments $741,047
Total interest $341,047
Payoff term 17 yrs 3 mos
📉 4. Monthly amortization comparison
First 5 years (sample) · original vs. accelerated
Values are estimates; consult your lender.
Extra payments reduce principal faster.