Early Payoff Calculator | Pay Off Your Mortgage Early

Mortgage Payoff Article Payoff Mortgage or Invest?

Early Mortgage Payoff Calculator

You can save 10's of thousands and maybe even 100's of thousands of dollars by paying off your mortgage early, and it may be easier to do than you think!

With the use of the early loan payoff calculator on the bottom of this page, you can see how adding small extra amounts of money to your monthly payment will result in a much faster amortization in your mortgage.

This happens because the leverage of addition principal being paid will result in early payoff amortization. Once accelerated amortization starts to take place, the rate of amortization will increase due to the principle of compounding.

By the way, if you would like to get an amortization schedule of your mortgage you can use this excellent amortization calculator at: Free Amortization Schedule.

Of course, early payoff calculators and amortization calculators can't help without making a change as to how you pay your mortgage, but once you have the information a good mortgage early payoff calculator provides, you will see the magic the compounding of small additional monthly payments provides.

It is true times are tough, but with a small amount of budget juggling, this this payoff mortgage calculator will help you save tons of money!

Here is Your Early Payoff Calculator...

Yearly interest rate %

Amount left to pay on your loan $

Amount of monthly payment you now pay $

Amount of extra you will pay each month $

Enter values in the boxes above.
Boxes below will be calculated.

You will need to make payments

of $ each month
to pay off this loan on schedule.

The total cost will be $ .

But, by paying an extra $ a month

your monthly payment will change to $ ,

you will need to make fewer payments.

Where it would have taken years

and months

to pay off the loan.
Now, the loan will be paid off years

and months.

This will cut the total cost to $

and result in a savings of $ !

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