Mortgage Payoff Calculator

The Mortgage Payoff Calculator is a powerful online tool designed to help homeowners understand how they can pay off their mortgage early and save on interest payments. By inputting details such as the remaining balance, interest rate, and current monthly payment, users can explore various scenarios including making extra payments. This calculator provides a detailed schedule showing how each extra payment affects the loan's term and total interest paid. It's an invaluable resource for anyone looking to reduce their mortgage burden quicker, offering insights into how even slight increases in payment can significantly impact the loan's cost and payoff timeline, empowering homeowners with strategic financial planning capabilities.

Loan Amount ($): Interest Rate (%): Loan Term (years): Extra Monthly Payment ($):