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Free mortgage payoff calculator to evaluate options to pay off a mortgage earlier, such as extra payments, bi-weekly payments, or paying back altogether.
See how early you’ll pay off your mortgage and how much interest you’ll save. Let’s say your remaining balance on your home is $200,000. Your current principal and interest payment is $993 every month on a 30-year fixed-rate loan.
If you want to pay off your mortgage in 5 years, you can use this early mortgage payoff calculator. All you have to do is to set the Desired Payoff Years field to 5 and leave the Extra Monthly Payment field empty.
Pay off your mortgage early by adding extra to your monthly payments. NerdWallet's early mortgage payoff calculator figures out how much more to pay.
Our early mortgage payoff calculator shows you how much interest you save by making extra payments and calculates your early mortgage payoff date.
Early Mortgage Payoff Calculator. The following calculator makes it easy for homeowners to see how quickly they will pay off their house by making additional monthly payments on their loan.
Should I Pay Off My Mortgage Early? Before you make the decision to pay off your mortgage early, check with your loan servicer to confirm the remainder of your payout.