Mortgage Payoff Calculator
Pay off mortgage faster with extra payments.
Result
Months to pay off
360
- Total interest
- $186,511.57
Common questions
How can I pay off my mortgage faster?
Make extra principal payments, switch to biweekly payments, or refinance to a shorter term. Even $100/month extra on a 30-year mortgage can shave years off and save tens of thousands in interest.
Is it worth paying off my mortgage early?
It depends on your interest rate vs. investment returns. If your mortgage rate is low (e.g., 3%), investing extra cash may earn more. If your rate is high (6%+), paying it off faster is often a guaranteed return.