Mortgage Payoff Calculator
See how extra payments speed up payoff
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Formula
Months = -log(1 - Balance×r/Payment) / log(1+r)
Shows how extra payments reduce both the time and total interest paid on a mortgage.
Examples
50k, 6.5%, $300 extra/mo
Save ~7 years and ~$95,000 in interest.
Frequently Asked Questions
About Mortgage Payoff
See how extra mortgage payments accelerate your payoff date and save thousands in interest. Even small extra payments make a dramatic difference over time because they go entirely toward principal, reducing the balance that accrues interest. A