Mortgage Payoff Calculator - Early Payoff with Extra Payments
This mortgage payoff calculator figures the extra payment necessary to cause an early payoff within a specified number of years. Discover how much interest you will save between now and when your mortgage is paid off.
Please Note: You should only enter the principal and interest portion of your regular monthly payment. Do not include tax and insurance escrow accounts.
You can also compare 4 payoff strategies - monthly, bi-weekly, extra payment, and bi-weekly with extra payment using this mortgage calculator - plus it includes amortization schedules as well.
In other words, use this calculator to define time period and payment amount, and use the other calculator to define optimum early payoff strategy.