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Mortgage Payoff Calculator Excel

Mortgage Payoff Calculator excel to calculate monthly mortgage payment and interest savings with accelerated payments and early mortgage payoff. The mortgage payoff calculator with extra payments shows an amortization schedule with the new accelerated monthly payment as well as interest and principal and you can export the result to excel. Get a comparison table that compares the original mortgage with the early payoff mortgage payments. To calculate mortgage payoff within a certain year instead of extra payments, please use the early mortgage payoff calculator.

Loan Payoff Calculator

Mortgage Balance
$
Interest Rate
Current Monthly Payment
$
Extra Monthly Payment
$
OR
Desired Payoff Years
years

Original vs. Early Payoff

Original Early Payoff
Monthly Payment
$2,000.00
$2,300.00
Expected Payoff Time
122 months
103 months
Total Interest
$43,684.75 $36,571.36
Total Principal
$200,000.00 $200,000.00
Total Payment
$243,684.75 $236,571.36
Total Interest Savings
$0 $7,113.38
Payoff Date
Feb, 2032 Jul, 2030

Early Payoff Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Jan, 2022 1 $666.67 $1,633.33 $2,300.00 $198,366.67
Feb, 2022 2 $661.22 $1,638.78 $2,300.00 $196,727.89
Mar, 2022 3 $655.76 $1,644.24 $2,300.00 $195,083.65
Apr, 2022 4 $650.28 $1,649.72 $2,300.00 $193,433.93
May, 2022 5 $644.78 $1,655.22 $2,300.00 $191,778.71
Jun, 2022 6 $639.26 $1,660.74 $2,300.00 $190,117.97
Jul, 2022 7 $633.73 $1,666.27 $2,300.00 $188,451.70
Aug, 2022 8 $628.17 $1,671.83 $2,300.00 $186,779.87
Sep, 2022 9 $622.60 $1,677.40 $2,300.00 $185,102.47
Oct, 2022 10 $617.01 $1,682.99 $2,300.00 $183,419.48
Nov, 2022 11 $611.40 $1,688.60 $2,300.00 $181,730.87
Dec, 2022 12 $605.77 $1,694.23 $2,300.00 $180,036.64
Jan, 2023 13 $600.12 $1,699.88 $2,300.00 $178,336.77
Feb, 2023 14 $594.46 $1,705.54 $2,300.00 $176,631.22
Mar, 2023 15 $588.77 $1,711.23 $2,300.00 $174,919.99
Apr, 2023 16 $583.07 $1,716.93 $2,300.00 $173,203.06
May, 2023 17 $577.34 $1,722.66 $2,300.00 $171,480.40
Jun, 2023 18 $571.60 $1,728.40 $2,300.00 $169,752.00
Jul, 2023 19 $565.84 $1,734.16 $2,300.00 $168,017.84
Aug, 2023 20 $560.06 $1,739.94 $2,300.00 $166,277.90
Sep, 2023 21 $554.26 $1,745.74 $2,300.00 $164,532.16
Oct, 2023 22 $548.44 $1,751.56 $2,300.00 $162,780.60
Nov, 2023 23 $542.60 $1,757.40 $2,300.00 $161,023.21
Dec, 2023 24 $536.74 $1,763.26 $2,300.00 $159,259.95
Jan, 2024 25 $530.87 $1,769.13 $2,300.00 $157,490.82
Feb, 2024 26 $524.97 $1,775.03 $2,300.00 $155,715.79
Mar, 2024 27 $519.05 $1,780.95 $2,300.00 $153,934.84
Apr, 2024 28 $513.12 $1,786.88 $2,300.00 $152,147.95
May, 2024 29 $507.16 $1,792.84 $2,300.00 $150,355.11
Jun, 2024 30 $501.18 $1,798.82 $2,300.00 $148,556.30
Jul, 2024 31 $495.19 $1,804.81 $2,300.00 $146,751.49
Aug, 2024 32 $489.17 $1,810.83 $2,300.00 $144,940.66
Sep, 2024 33 $483.14 $1,816.86 $2,300.00 $143,123.79
Oct, 2024 34 $477.08 $1,822.92 $2,300.00 $141,300.87
Nov, 2024 35 $471.00 $1,829.00 $2,300.00 $139,471.88
Dec, 2024 36 $464.91 $1,835.09 $2,300.00 $137,636.78
Jan, 2025 37 $458.79 $1,841.21 $2,300.00 $135,795.57
Feb, 2025 38 $452.65 $1,847.35 $2,300.00 $133,948.22
Mar, 2025 39 $446.49 $1,853.51 $2,300.00 $132,094.72
Apr, 2025 40 $440.32 $1,859.68 $2,300.00 $130,235.03
May, 2025 41 $434.12 $1,865.88 $2,300.00 $128,369.15
Jun, 2025 42 $427.90 $1,872.10 $2,300.00 $126,497.05
Jul, 2025 43 $421.66 $1,878.34 $2,300.00 $124,618.70
Aug, 2025 44 $415.40 $1,884.60 $2,300.00 $122,734.10
Sep, 2025 45 $409.11 $1,890.89 $2,300.00 $120,843.21
Oct, 2025 46 $402.81 $1,897.19 $2,300.00 $118,946.02
Nov, 2025 47 $396.49 $1,903.51 $2,300.00 $117,042.51
Dec, 2025 48 $390.14 $1,909.86 $2,300.00 $115,132.65
Jan, 2026 49 $383.78 $1,916.22 $2,300.00 $113,216.43
Feb, 2026 50 $377.39 $1,922.61 $2,300.00 $111,293.82
Mar, 2026 51 $370.98 $1,929.02 $2,300.00 $109,364.79
Apr, 2026 52 $364.55 $1,935.45 $2,300.00 $107,429.34
May, 2026 53 $358.10 $1,941.90 $2,300.00 $105,487.44
Jun, 2026 54 $351.62 $1,948.38 $2,300.00 $103,539.07
Jul, 2026 55 $345.13 $1,954.87 $2,300.00 $101,584.20
Aug, 2026 56 $338.61 $1,961.39 $2,300.00 $99,622.81
Sep, 2026 57 $332.08 $1,967.92 $2,300.00 $97,654.89
Oct, 2026 58 $325.52 $1,974.48 $2,300.00 $95,680.40
Nov, 2026 59 $318.93 $1,981.07 $2,300.00 $93,699.34
Dec, 2026 60 $312.33 $1,987.67 $2,300.00 $91,711.67
Jan, 2027 61 $305.71 $1,994.29 $2,300.00 $89,717.37
Feb, 2027 62 $299.06 $2,000.94 $2,300.00 $87,716.43
Mar, 2027 63 $292.39 $2,007.61 $2,300.00 $85,708.82
Apr, 2027 64 $285.70 $2,014.30 $2,300.00 $83,694.52
May, 2027 65 $278.98 $2,021.02 $2,300.00 $81,673.50
Jun, 2027 66 $272.24 $2,027.76 $2,300.00 $79,645.74
Jul, 2027 67 $265.49 $2,034.51 $2,300.00 $77,611.23
Aug, 2027 68 $258.70 $2,041.30 $2,300.00 $75,569.93
Sep, 2027 69 $251.90 $2,048.10 $2,300.00 $73,521.83
Oct, 2027 70 $245.07 $2,054.93 $2,300.00 $71,466.91
Nov, 2027 71 $238.22 $2,061.78 $2,300.00 $69,405.13
Dec, 2027 72 $231.35 $2,068.65 $2,300.00 $67,336.48
Jan, 2028 73 $224.45 $2,075.55 $2,300.00 $65,260.93
Feb, 2028 74 $217.54 $2,082.46 $2,300.00 $63,178.47
Mar, 2028 75 $210.59 $2,089.41 $2,300.00 $61,089.07
Apr, 2028 76 $203.63 $2,096.37 $2,300.00 $58,992.70
May, 2028 77 $196.64 $2,103.36 $2,300.00 $56,889.34
Jun, 2028 78 $189.63 $2,110.37 $2,300.00 $54,778.97
Jul, 2028 79 $182.60 $2,117.40 $2,300.00 $52,661.57
Aug, 2028 80 $175.54 $2,124.46 $2,300.00 $50,537.10
Sep, 2028 81 $168.46 $2,131.54 $2,300.00 $48,405.56
Oct, 2028 82 $161.35 $2,138.65 $2,300.00 $46,266.91
Nov, 2028 83 $154.22 $2,145.78 $2,300.00 $44,121.14
Dec, 2028 84 $147.07 $2,152.93 $2,300.00 $41,968.21
Jan, 2029 85 $139.89 $2,160.11 $2,300.00 $39,808.10
Feb, 2029 86 $132.69 $2,167.31 $2,300.00 $37,640.79
Mar, 2029 87 $125.47 $2,174.53 $2,300.00 $35,466.26
Apr, 2029 88 $118.22 $2,181.78 $2,300.00 $33,284.48
May, 2029 89 $110.95 $2,189.05 $2,300.00 $31,095.43
Jun, 2029 90 $103.65 $2,196.35 $2,300.00 $28,899.08
Jul, 2029 91 $96.33 $2,203.67 $2,300.00 $26,695.41
Aug, 2029 92 $88.98 $2,211.02 $2,300.00 $24,484.40
Sep, 2029 93 $81.61 $2,218.39 $2,300.00 $22,266.01
Oct, 2029 94 $74.22 $2,225.78 $2,300.00 $20,040.23
Nov, 2029 95 $66.80 $2,233.20 $2,300.00 $17,807.03
Dec, 2029 96 $59.36 $2,240.64 $2,300.00 $15,566.39
Jan, 2030 97 $51.89 $2,248.11 $2,300.00 $13,318.28
Feb, 2030 98 $44.39 $2,255.61 $2,300.00 $11,062.67
Mar, 2030 99 $36.88 $2,263.12 $2,300.00 $8,799.55
Apr, 2030 100 $29.33 $2,270.67 $2,300.00 $6,528.88
May, 2030 101 $21.76 $2,278.24 $2,300.00 $4,250.64
Jun, 2030 102 $14.17 $2,285.83 $2,300.00 $1,964.81
Jul, 2030 103 $6.55 $1,964.81 $1,971.36 $0.00


Mortgage Payoff Calculator With Extra Payments

This is a mortgage payoff calculator with extra principal payment, if you want to pay off your mortgage earlier within a certain year, you can use the early mortgage payoff calculator. The early mortgage payoff calculator will find out how much more you would have to increase your monthly mortgage payment in order to pay off your debt earlier. For a regular mortgage calculator, please use the mortgage calculator with pmi and taxes.




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