💰 Mortgage Payoff Calculator
Calculate how extra payments can accelerate your mortgage payoff and reduce total interest costs
🏠 Mortgage Calculator
Calculate your monthly mortgage payment including principal, interest, taxes, and insurance
🏠 Mortgage Tips
- • A 20% down payment helps you avoid PMI
- • Consider 15-year loans for lower total interest costs
- • Shop around with multiple lenders for the best rates
- • Factor in closing costs (typically 2-5% of loan amount)
- • Get pre-approved to strengthen your offer
- • Consider property taxes and insurance in your budget
How to Use
1. Enter your current mortgage details
2. Add extra monthly payment amount
3. Or enter one-time additional payments
4. Compare payoff scenarios
5. View interest savings from extra payments
6. Analyze different acceleration strategies
Features
✓ Extra monthly payment calculations
✓ One-time additional payment analysis
✓ Biweekly payment option
✓ Interest savings comparison
✓ Payoff time reduction analysis
✓ Multiple payment strategy comparison