Early Mortgage Payoff Calculator
See how much faster you could be mortgage-free — and how much interest you'd save — by paying a little extra each month.
Mortgage repayment shortened by
3 years, 9 months
$20,806
saved in interest
Current monthly payment
$1,013.37
New monthly payment
$1,113.37
Time left on schedule
25 years
New payoff time
21 yr 3 mo
Should you pay it down or invest instead?
Paying extra on a mortgage is one option — but it's not always the best use of a dollar. Our Advice membership gives you ongoing access to a CFP® professional who can weigh payoff against investing, taxes, and your bigger goals.
Explore Advice Membership
Mortgage Payment Analysis
Annual comparison of scheduled vs. accelerated payoff
The current balance is estimated from your original loan amount, term, and rate, assuming on-time payments to date. Estimates assume a fixed rate and consistent extra payments. Results are for illustrative purposes only, are not a loan offer, and do not represent any specific Vision Retirement strategy or service. Consult a CFP® professional about your specific situation.