Mortgage Early Payoff Calculator
Discover the massive interest savings hidden in your home loan.
Standard Principal & Interest: $0.00
Mortgage Payoff FAQs
How much does one extra mortgage payment a year save?
Making just one extra mortgage payment per year can shave several years off a 30-year mortgage and save tens of thousands of dollars in interest, depending on your interest rate and loan balance.
Do extra payments automatically go to the mortgage principal?
Most lenders apply extra payments to the principal balance, but you should always verify with your specific mortgage servicer to ensure they aren't applying it as an early payment for the following month's interest.