Mortgage Pay Off Calculator

You can save thousands of dollars by prepaying your mortgage. Use this mortgage pay off calculator to crunch your numbers. It is easy to use - just enter the numbers and click on "calculate". The calculator gives you your monthly payment, the total of all your payments when paid on schedule, the total interest paid, and the payoff date. It also breaks it down so you can compare the difference between making monthly payments and bi-weekly payments.

To compare what you are currently paying on your mortgage with the cost of prepaying, run the numbers first with what you are currently paying, and then with different amounts (double payment, for example) to compare the difference.

Home Value: $ Loan amount: $ Interest rate: % Loan term: years Start date: JanFebMarAprMayJunJulAugSepOctNovDec201020112012201320142015201620172018201920202021202220232024202520262027202820292030 Property tax: % PMI: % Output parameters » Draw charts Monthly vs bi-weekly payments Show annual amortization table Show monthly amortization table Mortgage Calculator Script