Mortgage payoff calculator
Mid-loan, the original paperwork stops being useful — what you want is the payoff date from today’s balance. Enter your current principal balance (from your latest statement or servicer app), your rate, and the years remaining; the schedule below rebuilds the rest of your loan from right now, including the payoff date, remaining interest, and the payment-by-payment path there.
Then make it interesting: open “Extra payments” and watch the date move. The chart plots your current trajectory against the accelerated one, and the savings strip prices the difference in interest dollars.
Preset: example mid-loan balance — enter YOUR current balance and remaining term
Payment-by-payment schedule
| # | Date | Payment | Principal | Interest | Extra | Balance |
|---|
Click a year to expand its payments. Exports and print always include every payment.
How it works
- Open this page — the calculator is already set up for "Mortgage payoff calculator". Swap in your own amount, rate and term.
- Read off the payment, the payoff date and total interest. The full payment-by-payment table is right below.
- Add extra payments or switch to biweekly to watch the payoff date move and the interest saved appear.
- Download the schedule as Excel, CSV or PDF — generated on your device; your loan details never leave your browser.
Getting the inputs right mid-loan
Three inputs rebuild your loan. Balance: use the current principal balance, not the payoff quote (the quote adds accrued interest and fees). Rate: your note rate, on the statement. Term: the months remaining until the original maturity date — count from your next payment. With those three, the computed payment should land within a couple of dollars of your actual principal-and-interest payment; if it doesn’t, the usual suspect is an escrow-inclusive number being compared against P&I.
If you’ve already been paying extra, your balance is ahead of the original schedule — which is exactly why starting from today’s balance is the honest way to compute the payoff date. Past extras are already baked into the balance; future extras are what the extra fields model.
Good to know
- The final months of any schedule are nearly all principal — if you’re close to the end, extra payments save little interest; they mostly just move the date.
- A payoff quote from your servicer is dated and includes per-diem interest — use this page for planning, the quote for the actual wire.
- Selling the house pays the loan off from proceeds at closing; the balance column tells you your equity at any future date under either curve.
Frequently asked questions
Why is my servicer’s payoff amount higher than my balance?
A payoff quote = principal balance + interest accrued since your last payment + any fees, computed to a specific good-through date. Your balance is just the principal. The gap is normally a few weeks of interest. This page schedules the principal; the servicer prices the exact exit.
How do I find out how many months are left on my mortgage?
Statement maturity date minus next payment date, in months — or count payments made and subtract from the original term. If you’ve had a recast or modification, use the servicer’s current maturity date. Enter that number as the term here and the rebuilt schedule should match your statement’s P&I payment within a couple of dollars, which is your confirmation the inputs are right.
Can I pay my mortgage off early without penalties?
Almost certainly yes if the loan closed after January 2014 — CFPB rules ban prepayment penalties on most residential mortgages, with narrow exceptions limited to the first three years of certain fixed-rate loans. Loans older than that or from unusual lenders: read the note. Either way the schedule shows what early payoff saves; the note says whether anything is charged for it.