Mortgage Payoff Calculator

By CalculatorInn Team · Updated: 2026-03-22 · Free & accurate · Instant results

Mortgage Payoff Calculator

Interactive Mortgage Payoff Calculator

JavaScript is required for the interactive calculator. Enable JavaScript to use this tool.

How to Use This Calculator

Step-by-Step Instructions

  1. Enter your remaining balance
  2. Enter your interest rate (%)
  3. Enter your current monthly payment
  4. Enter your extra monthly payment
  5. Enter your payoff with extra
  6. Enter your original payoff
  7. Enter your time saved
  8. Enter your interest saved
  9. Enter your total interest (original)
  10. Enter your total interest (with extra)
  11. Results appear instantly — no button needed

Formula

Mathematical Formula

Simulate monthly: New Balance = Balance × (1+r) − Payment − Extra

How It Works

Simulate monthly: New Balance = Balance × (1+r) − Payment − Extra

Frequently Asked Questions

How does this work?

Enter values and get instant results using the formula shown.

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