How much will it cost to pay off your home early?
A home is usually a person's biggest investment, and biggest loan. Adding a few dollars to your mortgage each month could enable you to save years off your mortgage.
The intent of this calculator is to project how much adding a given amount to each mortgage payment will affect your payoff date.
LOAN DETAILS
Outstanding balance
$
Annual interest rate
%
Payment (principal)
$
Interest
$
Escrow
$
EXTRA PAYMENTS
Extra monthly payment
$
New monthly payment
$—
One-time lump sum
$
Lump sum at month #
Note: This calculator is just for fun. I'm not an accountant, so don't use these numbers on your taxes.