🏠 Mortgage Payoff Calculator

Calculate mortgage payoff dates with and without extra payments.

Current Balance ($)

Interest Rate (%)

Monthly Payment ($)

Extra Monthly Payment ($)

Mortgage Payoff Calculator

See how extra monthly payments affect your mortgage payoff date and total interest. Even small extra payments can save thousands.

Frequently Asked Questions

How much should I pay extra?

Even $100-200 extra per month can save tens of thousands in interest and shave years off your mortgage. The key is consistency.

Should I pay extra or invest?

If your mortgage rate is higher than expected investment returns, paying extra is generally better. If your rate is low (under 4%), investing might yield better returns.