See exactly when your mortgage will be paid off, how much interest remains, and how increasing your monthly payment accelerates your payoff date.
Remaining balance over time — see how quickly your mortgage shrinks
Discover when your mortgage will be fully paid off and explore ways to speed up the process.
Input how much you still owe on your mortgage. You can find this on your latest statement or online account.
Enter your current interest rate and the number of years remaining. The calculator will compute your standard monthly payment automatically.
Want to pay off faster? Enter a higher monthly payment to see how it moves your payoff date earlier and reduces total interest.
See your exact payoff date, total interest remaining, and a visual timeline of your balance declining to zero.
Most homeowners don't realize how much interest they can save by making small changes to their payment strategy. Even modest increases to your monthly payment can shave years off your loan.
The key insight: early in your mortgage, most of your payment goes to interest. Any extra principal you pay now has a compounding effect that grows over the life of the loan.
Adding even $100–$200 per month directly to principal can cut 4–7 years off a 30-year mortgage and save tens of thousands in interest.
Pay half your monthly amount every two weeks. You'll make 26 half-payments (13 full payments) per year — one extra payment annually without noticing.
Tax refunds, bonuses, and inheritance money can make a dramatic one-time impact. A single $5,000 lump sum early in a mortgage can save $10,000+ in interest.
If rates have dropped, refinancing from a 30-year to a 15-year mortgage can save a huge amount of interest — often with a surprisingly modest payment increase.