Early Payoff Calculator

See exactly how much time and interest you can save by accelerating your principal payments.

Current Loan Status

$
%

Accelerated Strategy

$
Amount added to your normal payment every month.
$
Amount paid once a year (e.g. from a tax refund or bonus).

Your Savings Trajectory

Total Interest Saved

$0

Time Saved: 0 Years

Standard Payoff

$0

Date

Accelerated Payoff

$0

Date

Recommended Reading

⏱️

15 vs 30 Year Mortgages

Is it better to refinance to a 15-year, or just make extra payments on your 30-year?

⚖️

The Break-Even Point

Calculate exactly when a refinance is mathematically worth the closing costs.