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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
Mar, 2033 Aug, 2031

Early Payoff Amortization Schedule

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