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Mortgage Payoff Calculator

Find options that could help you pay off your mortgage faster. See how making additional principal payments can accelerate your payoff date and save you thousands in interest.

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Total Interest Saved

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Time Saved

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New Payoff Time

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Enter your info to receive this payoff analysis and explore low-rate 15-year options.

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How to Pay Off Your Mortgage Faster

Paying extra toward your principal balance is a powerful wealth-building strategy. As this calculator shows, even a small extra amount each month can shave years off your loan and save you a significant amount in interest.

Another popular strategy is to refinance your loan to a shorter term, such as a 15-year mortgage. While this often means a higher monthly payment, it forces you to build equity faster and typically comes with a lower interest rate. Talk to a loan expert to see which strategy is right for you.