Early Mortgage Payoff Calculator - Pay Off Your Home 10 Years Faster
Free early mortgage payoff calculator shows exactly how to pay off your home years faster. Compare strategies, see monthly savings, instant results.
Did you know? 63% of homeowners want to pay off their mortgage early but don't know where to start.
The average 30-year mortgage costs $343,739 in interest alone. Our early payoff calculator shows you exactly how to cut years off your loan and save thousands...
Calculate Your Early Payoff
5 Proven Early Payoff Strategies
1. Bi-Weekly Payments
Make half payments every 2 weeks = 13 full payments/year
Saves 5-7 years
2. Extra Principal
Add fixed amount monthly directly to principal
Flexible savings
3. Lump Sum Payment
Apply bonuses, tax refunds, inheritance to principal
Instant impact
4. Increasing Payments
Increase extra payment annually with raises
Gradual acceleration
5. Combined Strategy
Mix multiple methods for maximum impact
10+ years saved
When to Start Your Early Payoff Strategy
Year 1-5
Highest ROI period
70% goes to interest
Year 6-10
Golden acceleration
Double impact zone
Year 11-15
Sprint phase
Snowball effect
Year 16+
Optimization period
Tax considerations
Related Calculators & Resources
Frequently Asked Questions
Will I be penalized for early payoff?
Most modern mortgages don't have prepayment penalties. Check your loan documents to be sure.
When should I start extra payments?
The sooner the better! Early payments have the biggest impact on total interest savings.
Should I pay off mortgage or invest?
Compare your mortgage rate to expected investment returns. Higher mortgage rates favor paying off.
How much can I really save?
Most homeowners save $50,000-150,000 in interest with early payoff strategies.
Does this affect my credit?
Paying off early won't hurt your credit and reduces your debt-to-income ratio.
Start Your Early Payoff Journey Today!
Join 50,000+ homeowners who are paying off their mortgages years early