Tools / Early Mortgage Payoff Calculator
Early Mortgage Payoff Calculator
See the impact of making extra payments on your mortgage or investing the difference.
Interest savings
$225,191.94
Time saved on mortgage
9 years, 2 months
Total interest (original)
$637,722.44
Total interest (with extra payments)
$412,530.50
Principal + Interest (original)
$1,137,722.44
Principal + Interest (with extra payments)
$912,530.50
Original payoff date
November 2055
New payoff date
September 2046
Investment account balance
$195,317.30
Net difference (Investment Value - Interest Savings)
-$29,874.64
Paying off the mortgage early could potentially save you more money than investing the extra payments.
