Early Mortgage Payoff Calculator

See the impact of making extra payments on your mortgage or investing the difference.

🇺🇸 Calculating in USD

Loan amount

Original loan term

years

Years left on loan

years

Interest rate

Extra monthly payment

What if you invested instead?

Annual investment return

Interest savings $225,191.94

Time saved on mortgage 9 years, 2 months

Total interest (original) $637,722.44

Principal + Interest (original) $1,137,722.44

Original payoff date December 2055

Total interest (with extra payments) $412,530.50

Principal + Interest (with extra payments) $912,530.50

New payoff date October 2046

Investment account balance $195,317.30

Net difference (Investment Value - Interest Savings) -$29,874.64

Paying off the mortgage early could potentially save you more money than investing the extra payments.