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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
Dec, 2033 May, 2032

Early Payoff Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Nov, 2023 1 $666.67 $1,633.33 $2,300.00 $198,366.67
Dec, 2023 2 $661.22 $1,638.78 $2,300.00 $196,727.89
Jan, 2024 3 $655.76 $1,644.24 $2,300.00 $195,083.65
Feb, 2024 4 $650.28 $1,649.72 $2,300.00 $193,433.93
Mar, 2024 5 $644.78 $1,655.22 $2,300.00 $191,778.71
Apr, 2024 6 $639.26 $1,660.74 $2,300.00 $190,117.97
May, 2024 7 $633.73 $1,666.27 $2,300.00 $188,451.70
Jun, 2024 8 $628.17 $1,671.83 $2,300.00 $186,779.87
Jul, 2024 9 $622.60 $1,677.40 $2,300.00 $185,102.47
Aug, 2024 10 $617.01 $1,682.99 $2,300.00 $183,419.48
Sep, 2024 11 $611.40 $1,688.60 $2,300.00 $181,730.87
Oct, 2024 12 $605.77 $1,694.23 $2,300.00 $180,036.64
Nov, 2024 13 $600.12 $1,699.88 $2,300.00 $178,336.77
Dec, 2024 14 $594.46 $1,705.54 $2,300.00 $176,631.22
Jan, 2025 15 $588.77 $1,711.23 $2,300.00 $174,919.99
Feb, 2025 16 $583.07 $1,716.93 $2,300.00 $173,203.06
Mar, 2025 17 $577.34 $1,722.66 $2,300.00 $171,480.40
Apr, 2025 18 $571.60 $1,728.40 $2,300.00 $169,752.00
May, 2025 19 $565.84 $1,734.16 $2,300.00 $168,017.84
Jun, 2025 20 $560.06 $1,739.94 $2,300.00 $166,277.90
Jul, 2025 21 $554.26 $1,745.74 $2,300.00 $164,532.16
Aug, 2025 22 $548.44 $1,751.56 $2,300.00 $162,780.60
Sep, 2025 23 $542.60 $1,757.40 $2,300.00 $161,023.21
Oct, 2025 24 $536.74 $1,763.26 $2,300.00 $159,259.95
Nov, 2025 25 $530.87 $1,769.13 $2,300.00 $157,490.82
Dec, 2025 26 $524.97 $1,775.03 $2,300.00 $155,715.79
Jan, 2026 27 $519.05 $1,780.95 $2,300.00 $153,934.84
Feb, 2026 28 $513.12 $1,786.88 $2,300.00 $152,147.95
Mar, 2026 29 $507.16 $1,792.84 $2,300.00 $150,355.11
Apr, 2026 30 $501.18 $1,798.82 $2,300.00 $148,556.30
May, 2026 31 $495.19 $1,804.81 $2,300.00 $146,751.49
Jun, 2026 32 $489.17 $1,810.83 $2,300.00 $144,940.66
Jul, 2026 33 $483.14 $1,816.86 $2,300.00 $143,123.79
Aug, 2026 34 $477.08 $1,822.92 $2,300.00 $141,300.87
Sep, 2026 35 $471.00 $1,829.00 $2,300.00 $139,471.88
Oct, 2026 36 $464.91 $1,835.09 $2,300.00 $137,636.78
Nov, 2026 37 $458.79 $1,841.21 $2,300.00 $135,795.57
Dec, 2026 38 $452.65 $1,847.35 $2,300.00 $133,948.22
Jan, 2027 39 $446.49 $1,853.51 $2,300.00 $132,094.72
Feb, 2027 40 $440.32 $1,859.68 $2,300.00 $130,235.03
Mar, 2027 41 $434.12 $1,865.88 $2,300.00 $128,369.15
Apr, 2027 42 $427.90 $1,872.10 $2,300.00 $126,497.05
May, 2027 43 $421.66 $1,878.34 $2,300.00 $124,618.70
Jun, 2027 44 $415.40 $1,884.60 $2,300.00 $122,734.10
Jul, 2027 45 $409.11 $1,890.89 $2,300.00 $120,843.21
Aug, 2027 46 $402.81 $1,897.19 $2,300.00 $118,946.02
Sep, 2027 47 $396.49 $1,903.51 $2,300.00 $117,042.51
Oct, 2027 48 $390.14 $1,909.86 $2,300.00 $115,132.65
Nov, 2027 49 $383.78 $1,916.22 $2,300.00 $113,216.43
Dec, 2027 50 $377.39 $1,922.61 $2,300.00 $111,293.82
Jan, 2028 51 $370.98 $1,929.02 $2,300.00 $109,364.79
Feb, 2028 52 $364.55 $1,935.45 $2,300.00 $107,429.34
Mar, 2028 53 $358.10 $1,941.90 $2,300.00 $105,487.44
Apr, 2028 54 $351.62 $1,948.38 $2,300.00 $103,539.07
May, 2028 55 $345.13 $1,954.87 $2,300.00 $101,584.20
Jun, 2028 56 $338.61 $1,961.39 $2,300.00 $99,622.81
Jul, 2028 57 $332.08 $1,967.92 $2,300.00 $97,654.89
Aug, 2028 58 $325.52 $1,974.48 $2,300.00 $95,680.40
Sep, 2028 59 $318.93 $1,981.07 $2,300.00 $93,699.34
Oct, 2028 60 $312.33 $1,987.67 $2,300.00 $91,711.67
Nov, 2028 61 $305.71 $1,994.29 $2,300.00 $89,717.37
Dec, 2028 62 $299.06 $2,000.94 $2,300.00 $87,716.43
Jan, 2029 63 $292.39 $2,007.61 $2,300.00 $85,708.82
Feb, 2029 64 $285.70 $2,014.30 $2,300.00 $83,694.52
Mar, 2029 65 $278.98 $2,021.02 $2,300.00 $81,673.50
Apr, 2029 66 $272.24 $2,027.76 $2,300.00 $79,645.74
May, 2029 67 $265.49 $2,034.51 $2,300.00 $77,611.23
Jun, 2029 68 $258.70 $2,041.30 $2,300.00 $75,569.93
Jul, 2029 69 $251.90 $2,048.10 $2,300.00 $73,521.83
Aug, 2029 70 $245.07 $2,054.93 $2,300.00 $71,466.91
Sep, 2029 71 $238.22 $2,061.78 $2,300.00 $69,405.13
Oct, 2029 72 $231.35 $2,068.65 $2,300.00 $67,336.48
Nov, 2029 73 $224.45 $2,075.55 $2,300.00 $65,260.93
Dec, 2029 74 $217.54 $2,082.46 $2,300.00 $63,178.47
Jan, 2030 75 $210.59 $2,089.41 $2,300.00 $61,089.07
Feb, 2030 76 $203.63 $2,096.37 $2,300.00 $58,992.70
Mar, 2030 77 $196.64 $2,103.36 $2,300.00 $56,889.34
Apr, 2030 78 $189.63 $2,110.37 $2,300.00 $54,778.97
May, 2030 79 $182.60 $2,117.40 $2,300.00 $52,661.57
Jun, 2030 80 $175.54 $2,124.46 $2,300.00 $50,537.10
Jul, 2030 81 $168.46 $2,131.54 $2,300.00 $48,405.56
Aug, 2030 82 $161.35 $2,138.65 $2,300.00 $46,266.91
Sep, 2030 83 $154.22 $2,145.78 $2,300.00 $44,121.14
Oct, 2030 84 $147.07 $2,152.93 $2,300.00 $41,968.21
Nov, 2030 85 $139.89 $2,160.11 $2,300.00 $39,808.10
Dec, 2030 86 $132.69 $2,167.31 $2,300.00 $37,640.79
Jan, 2031 87 $125.47 $2,174.53 $2,300.00 $35,466.26
Feb, 2031 88 $118.22 $2,181.78 $2,300.00 $33,284.48
Mar, 2031 89 $110.95 $2,189.05 $2,300.00 $31,095.43
Apr, 2031 90 $103.65 $2,196.35 $2,300.00 $28,899.08
May, 2031 91 $96.33 $2,203.67 $2,300.00 $26,695.41
Jun, 2031 92 $88.98 $2,211.02 $2,300.00 $24,484.40
Jul, 2031 93 $81.61 $2,218.39 $2,300.00 $22,266.01
Aug, 2031 94 $74.22 $2,225.78 $2,300.00 $20,040.23
Sep, 2031 95 $66.80 $2,233.20 $2,300.00 $17,807.03
Oct, 2031 96 $59.36 $2,240.64 $2,300.00 $15,566.39
Nov, 2031 97 $51.89 $2,248.11 $2,300.00 $13,318.28
Dec, 2031 98 $44.39 $2,255.61 $2,300.00 $11,062.67
Jan, 2032 99 $36.88 $2,263.12 $2,300.00 $8,799.55
Feb, 2032 100 $29.33 $2,270.67 $2,300.00 $6,528.88
Mar, 2032 101 $21.76 $2,278.24 $2,300.00 $4,250.64
Apr, 2032 102 $14.17 $2,285.83 $2,300.00 $1,964.81
May, 2032 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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