Mortgage Payoff Calculator
Add an extra monthly payment to see how much sooner — and cheaper — you finish.
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How it works
Because mortgage interest is front-loaded, even a modest extra payment goes straight to principal and compounds into years of saved time and tens of thousands in saved interest. This tool quantifies the payoff of paying ahead.
Frequently asked questions
Is paying extra better than investing?
It depends on your rate versus expected returns and your risk tolerance. Prepaying a 6.5% mortgage is a guaranteed 6.5% return; compare that to what you would likely earn investing instead.
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