Mortgage Payoff Calculator from Current Balance
Start from your remaining balance to project payoff date, total interest, and savings from extra principal.
Why this page
If you already have a mortgage, use your current balance and remaining term to model payoff acceleration options.
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Estimate Disclaimer
Estimates only. Results are based on your inputs and may not reflect final loan terms, taxes, insurance, HOA dues, PMI rules, lender fees, or escrow adjustments. Confirm final numbers with your lender, servicer, and local tax/insurance sources before making financial decisions.
Amortization Table
| Month | Rate % | Begin Bal | Interest | Principal | Extra | PMI | PITI Outflow | End Bal |
|---|
Assumptions
- Estimate only. Excludes escrow shortages, lender fees, and refinance costs.
- For adjustable rate, future rates are user-entered assumptions.
- PMI uses original home value and stops when LTV reaches chosen threshold (default 78%).
Publisher Status
We are an informational publisher, not a mortgage lender, broker, or loan servicer.
FAQ
Can I calculate from current balance instead of original loan?
Yes. Use current unpaid principal balance with remaining term and current rate for realistic payoff scenarios.
Should I pay extra monthly or yearly?
Either can work; consistent earlier principal reduction generally lowers total interest.
Is early payoff worth it at my rate?
Compare projected interest savings versus other uses of cash and liquidity needs.
Does this include escrow?
Payoff math is based on loan principal and interest; escrow items can be shown separately in payment planning.