Mortgage payoff calculator
Compare payoff time, scheduled payments, interest and fees.
Let’s run the numbers
USDYour answer starts here
Check your inputs and select Calculate.
Fixed-rate monthly estimate. Keeping payments preserves the regular annuity payment or equal-principal installment, with extra principal added. Recasting occurs only after an actual lump payment and requires lender approval. Enter total fees separately for each scenario; contract penalties and prepayment limits are not determined here. Excludes taxes, insurance, rate changes and opportunity cost; lender rounding may differ.
Common uses
Compare early mortgage payoff using a lump sum or extra monthly principal, keeping payments or recasting, with net interest savings and three monthly schedules.
BEHIND THE NUMBERSFormula & assumptions
Fixed-rate monthly estimate. Keeping payments preserves the regular annuity payment or equal-principal installment, with extra principal added. Recasting occurs only after an actual lump payment and requires lender approval. Enter total fees separately for each scenario; contract penalties and prepayment limits are not determined here. Excludes taxes, insurance, rate changes and opportunity cost; lender rounding may differ.