Mortgage Payoff Calculator
About the Mortgage Payoff Calculator
The Mortgage Payoff Calculator helps you estimate how long it will take to fully repay your mortgage or loan based on your current outstanding balance, annual interest rate, and your monthly payment (including optional extra payments). It’s ideal for homeowners who want to explore faster payoff strategies, compare the impact of extra monthly contributions, or plan refinance and prepayment decisions.
What the tool shows
Estimated time to payoff (months & years) and payoff date (if you provide a start date).
Total interest paid until loan is fully repaid.
Total amount paid (principal + interest + extras).
Option to download amortization schedule (monthly principal/interest/balance) as CSV.
Compare scenarios instantly by changing monthly payment or extra monthly prepayment.
Why use it?
See how extra payments reduce interest and shorten loan tenure.
Plan a repayment strategy (e.g., increase monthly payment, add a one-time extra payment).
Check payoff timeline after refinance or part-prepayment.
Useful for borrowers, financial planners, and homeowners making mortgage decisions