Extra Payment Mortgage Payoff Calculator

Your Loan & Extra Payment

Current Loan Balance $320,000

$50K$2M

Interest Rate 6.5%

2%12%

Remaining Term 30 years

5 yrs30 yrs

Extra Monthly Payment $200

$0$3,000

Payoff Comparison

30y 0m

Payoff Without Extra

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Payoff With Extra

Total Interest You'll Save

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Estimates assume the extra amount is applied to principal every month with no missed payments. Confirm with your servicer that extra payments are applied to principal and that there are no prepayment penalties.

Total Interest Saved

Paid off 0 years 0 months early

New Payoff Time30 years

Interest With Extra$0

Interest Without Extra$0

Base Monthly Payment$0

See If Refinancing Helps More → Speak With an Advisor

This calculator provides estimated payoff figures for illustration purposes only. Actual results depend on your exact balance, rate, payment timing, and lender terms. Contact us for a personalized review.

💡 Pro Tips

Even $100 extra a month can shave years off a 30-year loan
Extra payments early in the loan save the most interest
One extra full payment per year mimics a biweekly schedule
Always confirm extra funds are applied to principal, not next month's bill

A Smarter Payoff

Extra Helps. A Better Rate Helps More.

Paying extra is a great habit — but if your rate is high, refinancing could save you even more than extra payments alone. We shop 50+ lenders to find out.

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Pay Off Your Mortgage Years Early