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This calculator will show you the additional monthly payment you will need to make on your current mortgage in order to pay if off within a specified number of years. 

NOTE: 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 errors).


Enter the principal balance owed:                           
Enter the annual interest rate:                                 
Enter the current monthly payment:                         
(mortgage principal and interest, do not include taxes and insurance escrows)

Number of Years for Early Payoff:

  Note: Answers Below

Additional monthly payment required:
Interest savings:                                   


Mortgage Fact:

A long-term, fixed-rate real estate loan is repaid over a 10 to 30 year term at an unchanging monthly payment and interest rate.		     Tip

Owning a house compared to renting offers you some financial advantages like tax savings and appreciation and provides a place you can truly call home.
 

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