Mortgage Early Payoff Calculator

Use this FREE mortgage early payoff calculator to see how a small extra payment can shave years off of your mortgage payment and save thousands of dollars.

Why Pay Off Your Mortgage Early?

Okay, so I know a lot of people (including financial advisers) that think that paying off your mortgage would be crazy. Well, what can I say except that "I disagree!"

Think of the peace of mind you would have if one day you no longer have to worry about that monthly mortgage payment.

Of course, the decision is ultimately up to you, but if paying off your mortgage is something that you want to do: GO FOR IT!

Mortgage Calculator

I have a couple of mortgage payoff calculators that can help you with your mortgage elimination. The calculator below is a tool that may help get the job done.

Once you see how much interest and time is saved by making extra payments, you will see that there is hope for homeowners to be free from those monthly mortgage payments.

You will need to fill out all the cells with bold blue text including interest rate, term of the loan, the original loan amount, and any extra monthly payment you are going to make.

A couple of notes about the calculator:

• The maximum term amount is 30 years.
• Payments are monthly
• This calculator assumes that your mortgage payments will be the same every month from start to finish.
• If you would like to see the payment schedule, scroll down the calculator screen.

If you find any errors with the calculator or have suggestions for improvement, please let me know.

Reset the Mortgage Early Payoff Calculator

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