Mortgage Payoff Calculator
Mortgage Payoff Strategies
Paying off your mortgage early can save thousands in interest. Extra payments, even small ones, significantly reduce payoff time.
Payoff Strategies
- Extra payments: Add to monthly payment
- Biweekly payments: Half payment every two weeks (26 payments/year = 13 monthly)
- Lump sum: Apply windfalls to principal
💡 Tips
- Extra payments go directly to principal
- Even $100 extra per month saves thousands
- Check for prepayment penalties
- Refinancing may restart amortization