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Mortgage Payoff Calculator - How much to save by extra payment

Mortgage Payoff Calculator or Pay off Mortgage Calculator (Mortgage Prepayment Calculator) helps you calculate how much you'll save by making extra payments towards the principal loan amount. It gives the annual rate of return at which you save by paying extra.

Using the Mortgage Payoff Calculator (Pay off Early Calculator), you can determine the number of payments required to payoff mortgage early. You'll be able to figure out how many months ahead of time you can repay the loan.

Balance Loan amount ($)
Mortgage Rate (% per annum)
Current Monthly Payment ($)
Extra Payment towards Current Monthly Payment ($)
Which one is better option
Total Interest Savings (Return on investment)
Annual Rate of Return
Summarised Suggestion

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