Mortgage Payoff Goal Calculator
Enter the principal balance owed:
Enter the annual interest rate:
Enter the current monthly payment amount:
# of years you wish to pay off mortgage in:
Additional monthly payment required:
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. 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. Special thanks to online subscriber Lyle Crafton for presenting the idea for this calculator.