Mortgage Payoff Calculator
Calculate how much time and money you can save by making extra mortgage payments
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Loan Details
Extra Payments
Calculations update automatically as you adjust values
Results
Original Payoff
Aug 2055
Total Interest: $438,188
With Extra Payments
Dec 2037
Total Interest: $312,422
Time Saved
17.8 years
Years of payments avoided
Interest Saved
$125,766
28.7% savings
Your Savings Summary
$125,766
By making extra payments, you'll pay off your loan 17.8 years early
214
Payments Saved
17.8
Years Saved
28.7%
Interest Saved
Scenario Comparison
| Scenario | Payoff Date | Total Interest | Time Saved | Interest Saved | Actions |
|---|---|---|---|---|---|
| Base Scenario | Aug 2055 | $438,188 | 0 years | $0 | |
| Scenario 1 Current | Dec 2037 | $312,422 | 17.8 years | $125,766 |
Base Scenario
Payoff Date
Aug 2055
Total Interest
$438,188
Time Saved
0 years
Interest Saved
$0
Scenario 1 Current
Payoff Date
Dec 2037
Total Interest
$312,422
Time Saved
17.8 years
Interest Saved
$125,766