Home Mortgage Loan
Early Payoff

The most effective way to plan for retirement is to make extra payments on your mortgage loan to accelerate it's payoff.

The question is; why is it that financial planers never mention this? The simple answer is; they can't make money out of it.

Your mortgage loans interest rate is the return on the investment that you are making as that is the rate at which you are saving. The normal increase in the value of your property is simply the bonus.

Mortgage Payoff Goal
This will show you the additional monthly payment you will need to make on your current mortgage in order to pay it off within a specified number of years. It will also show you how much interest you will save if you make the calculated additional payment each month, from now until your mortgage is paid off. Note: When entering your current monthly mortgage payment amount, be sure to enter only the principal and interest portion of your payment.
Enter the principal mortgage balance owed:
Enter the annual interest rate:
Enter current monthly payment (principal & interest portion only):
Number of years you would like to pay off your mortgage in:

Additional monthly payment required:
Interest savings:

Home Terms of Use Privacy Policy Contact Us

Home Mortgage Loan Early Payoff

Mortgage Payoff Goal

Home Mortgage Loan
Early Payoff