Mortgage payoff calculator
Estimate how extra principal payments change your payoff date and total interest on a fixed-rate mortgage.
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Paying a mortgage off early
Your quoted principal-and-interest payment is sized to clear the balance over the remaining term. Sending extra principal each month reduces the balance faster, so later months accrue less interest and drop off the schedule. Taxes, insurance, HOA, and PMI (escrow) are separate from P&I — this calculator models the loan portion only. Confirm with your servicer that extras apply to principal and whether a prepayment penalty applies.
Curious whether buying still beats renting on your timeline? Try our rent vs buy calculator, or estimate a purchase budget with how much house can I afford.