Mortgage Payoff Calculator

Estimate how long it will take to pay off a house and how much interest extra payments can save.

What it means

About this calculator.

Extra principal changes the schedule

Mortgage interest is charged on the remaining balance. Even modest recurring principal payments can shorten the timeline because every future month starts from a lower balance.

Use principal and interest only

For the current monthly payment, use the principal-and-interest portion of your bill. Taxes, insurance, HOA dues, and escrow payments do not reduce the loan balance.

FAQ

Questions people usually have.

Does this show a full amortization table?

No. It focuses on payoff timeframe, total interest, and savings. The math runs month by month behind the scenes using standard amortization.

What if my payment is too low?

If the payment does not cover monthly interest, the loan will not amortize. Increase the payment or check that you entered principal and interest correctly.

Should I include escrow?

No. Escrow items like taxes and insurance affect cash flow but do not pay down principal, so they should be excluded from this payoff calculation.

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