If you’ve already bought a home and are currently working on paying off your mortgage, you’ll want to see how any change to your monthly payments or an extra payment could impact your mortgage over its lifetime.
You can click here to download our mortgage payoff calculator – but be sure to watch the tutorial video below before you start using it! The mortgage payoff calculator is on the third tab of the spreadsheet, which includes all four of our mortgage calculators: mortgage affordability, mortgage comparison, mortgage payoff, and refinance comparison.
This video shows you how to use the mortgage payoff calculator to project the impact that your extra monthly and/or lump sum payments will have on your mortgage balance and total interest paid.
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