Early Mortgage Payoff

See how monthly overpayments and lump sums shorten your mortgage and save thousands in interest.

Overpayments

Interest saved
$79,774

You'd pay your mortgage off 6y 7m earlier.

New payoff time
23.4 yrs
Months saved
79 mo
Baseline interest
$313,212
New interest paid
$233,438
Base monthly payment
$1,703
With overpayment
$1,903

Results are estimates for informational purposes only. Not financial advice.

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How to use this calculator

  1. 1Enter your current loan balance, rate, and remaining term.
  2. 2Add a monthly overpayment amount you can sustain.
  3. 3Optionally add a one-off lump sum.
  4. 4Compare months saved and total interest avoided.

FAQ

Results are estimates for informational purposes only.

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