Payoff planning
Extra-Payment Payoff Planner
Model how a recurring principal payment could change a payoff timeline and scheduled interest, assuming the servicer applies it as intended.
Planning estimate
- Scheduled P&I payment
- $2,083
- Payment with extra
- $2,333
- Estimated payoff time
- 19 yr 3 mo
- Estimated months saved
- 57
- Estimated interest saved
- $62,530
What this estimate includes—and leaves out
The tool uses only the figures entered and performs calculations in the browser. Smart Homeowners does not receive, save, or transmit the entries. It does not retrieve current rates or determine eligibility.
Actual payments and costs can differ because of daily-interest conventions, rate changes, loan features, mortgage insurance, taxes, insurance, association charges, fees, credits, servicing rules, rounding, and timing.
Not an offer or advice: This educational estimate is not a Loan Estimate, Closing Disclosure, appraisal, approval, credit decision, tax opinion, or recommendation. A loan secured by a home can put the property at risk if payments cannot be made.