Mortgage Payment Calculator
Mortgage Early Payoff
Calculator
BizCalcs.com
Title
Lender
Mortgage Balance
Current Payment P&I
Interest Rate %
Desired Payoff Time
Years
Months
Early Payoff Without
Early Payoff		 Savings
Additional Each Month  
Total Monthly Payment    
Total Interest      
Total Paid    
Actual Payoff Time      
Number of Payments      
Annual Cost      
All calculators are made available as self-help tools for your independent use with results based on information provided by the user. All examples are hypothetical and are for illustrative purposes only. Calculated results are believed to be accurate but results are not guaranteed. Mortgage calculator results are based upon conventional program guidelines. Other loan programs are available. Further review by a professional is necessary to obtain exact and complete information and available options for your personal circumstances.
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A title for these calculator results that will help you identify it if you have printed out several versions of the calculator.
The name of your potential lender. This field is not required but may help if you have printed out several loan scenarios.
The amount you owe on your mortgage or loan.
The amount of principal + interest you are currently required to pay each month toward this loan.
The annual percentage rate you will pay for this loan.
Enter the desired number of years and/or months when the balance should be paid.
If you pay additional principal each month your loan or mortgage will be paid earlier than scheduled and you will pay less in interest charges.
The payoff time and interest charges if you pay no additional principal each month.
'Early Payoff' compared to 'Without Early Payoff' saves you this much time and money.
The additional amount you will pay each month (over the required 'Monthly Payment' amount) to pay down the principal on your loan.
Total monthly principal and interest payment required to pay the mortgage by the requested 'Payoff Time'. Actual payment could include other amounts such as escrow for insurance and property taxes, private mortgage insurance (PMI), fees, and dues.
The remaining total amount of interest you will pay over 'Payoff Time'.
The remaining total amount of principal + interest you will pay over 'Payoff Time'.
Amount of time until the loan is paid off.
The number of payments you will make to pay off the loan.
The amount of money you will pay each year for this loan.
When checked, a section will appear below the calculator showing the complete amortization table.