← All calculators

Mortgage payoff calculator

Adding even a little extra to your monthly mortgage payment can chop years off your loan and save tens of thousands in interest. Drop in your numbers and see exactly how much.

Your current loan

Extra payment

Tip: even an extra $100/mo on a 30-year loan typically cuts 4-5 years off the term.

Time saved
6 yr 8 mo
earlier payoff
Interest saved
$72,150
over the life of the loan
New payoff date
Jul 2045
at current pace
Total new payment
$2,937
P&I + extra
Worth it ✓
A small extra each month cuts years off and saves significant interest.
Without extra payment$876,540
total paid · 26 yr
With extra payment$804,390
total paid · 19 yr 4 mo
Or look at a shorter-term refi →

Math assumes the extra is applied to principal every month and your interest rate doesn't change. Check that your servicer credits extra payments to principal — some default to "future payments" unless you specify.