Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

CompanyLoan TypeAPREst. Pmt.

How long do i left on my mortgage ?

I took out a 15 year fix about 6 years ago. (150,000 @ 5.3%). Current balance is 90,700.
Currently I am paying 1750 ( 743 to principal, 411 to interest, 596 taxes)
In addition to this I pay 450.00 per month extra to principal.
When will this note be paid off?

kathy.bailey's picture
kathy.bailey | Joined: September 3, 2008 02:20 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

I think you would have around 5 to 5.5 years left if you keep sending in additional $450 a month, according to the mortgage repayment calculator on bankrate.com web site. Seems like it should be shorter than this, but that is what the calculator says when I input your beginning loan amount, loan term and interest rate, as well as the additional princ payment each month.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:46 | Post subject:

Caron's picture
Caron | Joined: July 19, 2005 08:37 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi cough and kathybailey,

Welcome to our forums.

To cough: You can use the Mortgage Payoff Calculator to find out how soon you can pay off the loan by making extra payments.

To Kaithy: It's good to have you amongst us. Hope you'll enjoy participating here. Feel free to tell us more about you at http://www.mortgagefit.com/introduce-yourself-8.html .

Good luck

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:46 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

My princepole left is 144,00000. rate 5%.Monthly payment is 2,100.00

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:46 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Welcome Tina,

You can take help of the given calculator in order to find out how many years you'll require to pay off the loan:
http://www.mortgagefit.com/calculators/pay.html

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:46 | Post subject:

jveenstra's picture
jveenstra | Joined: November 10, 2008 09:03 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

A $90,700 mortgage at 5.3% and you voluntarily paying $1,604 a month in principal and interest would pay off in 66 months.

It is difficult to be exact because the numbers you provided are not exact, or, at least a little confusing.
If you started at $150,000 mortgage balance for 15 years at 5.3%, the monthly required principal and interest payment would be $1,209.76. Yet, you indicate your monthly P&I is 743 plus 411 which is $1,154.
That $1,154 is LESS than your required payment.
That is not possible.
That makes your numbers incorrect someplace and makes any calculation we do as to pay off suspect.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:46 | Post subject:

Page loaded in 0.401 seconds.