Keep your safety cushion
Consider emergency savings and higher-interest debt before sending additional money to the mortgage.
Plan your payoff
Mortgage payoff calculator
See how an additional monthly principal payment could shorten your loan and reduce total interest. Change any number to compare scenarios instantly.
Your estimate
Principal and interest only. Taxes, insurance, HOA fees, and other costs are not included.
Regular monthly payment—
Payment with extra—
Original payoff time—
New payoff time—
Time saved—
Interest saved—
New total interest—
This calculator provides an estimate, not a loan quote or financial advice. Actual loan terms, payment application, rounding, escrow, and lender rules can change the result.
Ask Philip about your real estate plans →Use the result wisely
Before making extra payments
Confirm principal treatment
Tell the loan servicer the additional amount is for principal and check how the payment will be applied.
Compare your goals
Paying off a loan sooner can reduce interest, but your best choice depends on cash flow, taxes, and other priorities.