Mortgage PWA

Mortgage Payoff Calculator

United States

Mortgage Payoff Calculator

United States

Mobile-first mortgage calculator with escrow, PMI, extra payments, amortization, charts, and PWA support.

Monthly payment

$2,566

Biweekly

$1,928

Monthly payment

$2,566

Biweekly

$1,928

Estimated monthly payment

$2,566

Includes principal, interest, taxes, insurance, PMI, HOA, and other costs.

Loan amount: $240,000

Payoff date

Feb 2041

Assumes steady rate and current extra payments.

Biweekly estimate

$1,928

Same payoff as monthly schedule.

Total interest

$136,318

Biweekly savings: $323

Payment breakdown

$2,566

81.49% to principal & interest

Principal & interest$2,091

Property tax$275

Home insurance$100

PMI / LMI$100

HOA / Strata$0

Other costs$0

Mortgage Payoff Calculator guide

The mortgage payoff calculator shows how extra payments shorten your loan term and reduce total interest. We prefill $300,000, 20% down, 15-year term, and 6.5%—a common payoff-focused scenario. Add monthly extras (e.g., $100 or $200), yearly lump sums (tax refund, bonus), or a one-time payment to see the payoff date move forward.

The amortization table highlights when you reach 80% loan-to-value (PMI drops off) and when the loan is fully paid. The line chart shows balance decline and cumulative interest. Biweekly payments create 13 full payments per year and can shave years off the term. All calculations run client-side. Install the PWA for offline use.

Amortization schedule

Yearly view

Period	Date	Principal	Interest	Escrow	PMI	Total interest	Ending balance
2026	Jan 2026	$8,102	$12,804	$3,750	$0	$12,804	$231,898
2027	Jan 2027	$10,318	$14,770	$4,500	$0	$27,574	$221,580
2028	Jan 2028	$11,009	$14,079	$4,500	$0	$41,653	$210,570
2029	Jan 2029	$11,747	$13,341	$4,500	$0	$54,994	$198,824
2030	Jan 2030	$12,533	$12,555	$4,500	$0	$67,548	$186,290
2031	Jan 2031	$13,373	$11,715	$4,500	$0	$79,263	$172,917
2032	Jan 2032	$14,268	$10,820	$4,500	$0	$90,083	$158,649
2033	Jan 2033	$15,224	$9,864	$4,500	$0	$99,947	$143,425
2034	Jan 2034	$16,244	$8,844	$4,500	$0	$108,791	$127,182
2035	Jan 2035	$17,331	$7,757	$4,500	$0	$116,548	$109,850
2036	Jan 2036	$18,492	$6,596	$4,500	$0	$123,144	$91,358
2037	Jan 2037	$19,731	$5,357	$4,500	$0	$128,501	$71,627
2038	Jan 2038	$21,052	$4,036	$4,500	$0	$132,537	$50,576
2039	Jan 2039	$22,462	$2,626	$4,500	$0	$135,163	$28,114
2040	Jan 2040	$23,966	$1,122	$4,500	$0	$136,285	$4,148
2041	Jan 2041	$4,148	$34	$750	$0	$136,318	$0

Figures include principal, interest, escrow amounts, and PMI where applicable. Minor rounding may occur.

FAQs

Mortgage Payoff Calculator — frequently asked questions

Straight answers about taxes, PMI, extra payments, and biweekly schedules.

How much do extra payments save?+

Extra payments go directly to principal, reducing the balance and the interest charged on future payments. Even $50–100/month can save thousands and shorten the term by years.

Should I make extra payments or invest?+

It depends on your rate and investment returns. Paying down a 6.5% mortgage is a guaranteed 6.5% return. Compare to your expected investment returns and risk tolerance.

Do biweekly payments really help?+

Yes. Biweekly payments create 26 half-payments per year, equivalent to 13 full payments. That extra payment accelerates payoff and reduces total interest.

Can I model a one-time lump sum payment?+

Yes. Use the one-time extra payment field. Enter the amount and the calculator will show the new payoff date and interest saved.

Will my lender accept extra payments?+

Most lenders accept extra principal payments. Some may have a minimum or require you to specify that the payment goes to principal. Check your servicer’s rules.

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