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Mortgage Early Payoff Calculator
How To Pay Off Your Mortgage Early
You can save 10's of thousands and maybe even 100's of thousands of dollars by paying off your mortgage early, and it may be easier to do than you think!

With the use of the early loan payoff calculator on the bottom of this page, you can see how adding small extra amounts of money to your monthly payment will result in your mortgage being paid in full years sooner than the original term of the loan.  

This happens because the leverage of addition principal being paid will result in early payoff amortization.  Once accelerated amortization starts to take place, the rate of amortization will increase due to the principle of compounding.

By the way, if you would like to get an amortization schedule of your mortgage you can use this excellent amortization calculator at: Free Amortization Schedule.

 Of course, early payoff calculators and amortization calculators can't help without making a change as to how you pay your mortgage, but once you have the information a good mortgage early payoff calculator provides, you will see the magic the compounding of small additional monthly payments provides.

There are other ways to accelerate your mortgage payoff.  For information on these techniques that will result in, possibly 100's of thousands of dollars in savings, refer to: Pay Off Your Mortgage In 10 Years Or Less.  Having used this method myself and having reaped the benefits of over $100,000 in accelerated equity, I highly recommend it!

Still, though the "Payoff Your Mortgage In 10 Years Or Less" will get you free of your mortgage in a hurry, playing around with numbers in the loan payoff calculator below will introduce you to the magic of compounding by making small additional principal payments.

Here is Your Early Payoff Calculator...


Yearly interest rate %

Amount left to pay on your loan $

Amount of monthly payment you now pay $

Amount of extra you will pay each month $

Enter values in the boxes above.
Boxes below will be calculated.




You will need to make payments

of $ each month to pay off this loan on schedule.

The total cost will be $ .

But, by paying an extra $ a month

your monthly payment will change to $ ,

you will need to make fewer payments.

So...
Where it would have taken years

and months

to pay off the loan.
Now, the loan will be paid off years

and months.

This will cut the total cost to $

and result in a savings of $ !

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