This early pay-off calculator will show you the additional monthly amount you will need to send with your current mortgage payment in order to pay if off in a specified number of years. It will also show you how much interest you will save if you make the calculated additional payment each month, from now until your mortgage is paid off.

Instructions
Enter your principal balance owed, interest rate, monthly payment amount, and the numbers of years you wish to pay-off your mortgage. Once you have entered all of the information, click on the "Compute" button. The early pay-off calculator will display the amount of the additional payments along with your interest savings.

Important: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields (dollar signs and other non-numeric characters will cause a JavaScript error). You must also have your browser's JavaScript option enabled.

Principal balance owed
Annual interest rate
Current monthly payment amount
# of years in which to pay off your mortgage
Additional monthly payment required
Interest savings

IMPORTANT: This early pay-off calculator is for your independent use and is not intended to provide investment advice. All examples are hypothetical and are for illustrative purposes. I encourage you to contact a licensed, financial advisor to arrange a personal review of your finances.