Mortgage Payoff Calculator | Save Thousands with Extra Payments

Mortgage Payoff Calculator

Discover how extra payments can save you thousands and shorten your loan term

Loan Information

Loan Amount ($)

USD

Interest Rate (%)

Loan Term (Years)

Years

Start Date

Extra Monthly Payment ($)

USD

Bi-weekly Payments

Increase payments by 3% annually

Add $2,000 annual bonus

Jun 2054

Jan 2042

$64,280

12 years

Original Monthly Payment $1,520.00

With Extra Payments $1,720.00

Total Interest (Original) $247,220.00

Total Interest (New) $182,940.00

Total Savings $64,280.00

Original Plan

Total: $547,220.00

With Extra Payments

Total: $482,940.00

Principal Amount

Interest Paid