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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
Nov, 2032 Apr, 2031

Early Payoff Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Oct, 2022 1 $666.67 $1,633.33 $2,300.00 $198,366.67
Nov, 2022 2 $661.22 $1,638.78 $2,300.00 $196,727.89
Dec, 2022 3 $655.76 $1,644.24 $2,300.00 $195,083.65
Jan, 2023 4 $650.28 $1,649.72 $2,300.00 $193,433.93
Feb, 2023 5 $644.78 $1,655.22 $2,300.00 $191,778.71
Mar, 2023 6 $639.26 $1,660.74 $2,300.00 $190,117.97
Apr, 2023 7 $633.73 $1,666.27 $2,300.00 $188,451.70
May, 2023 8 $628.17 $1,671.83 $2,300.00 $186,779.87
Jun, 2023 9 $622.60 $1,677.40 $2,300.00 $185,102.47
Jul, 2023 10 $617.01 $1,682.99 $2,300.00 $183,419.48
Aug, 2023 11 $611.40 $1,688.60 $2,300.00 $181,730.87
Sep, 2023 12 $605.77 $1,694.23 $2,300.00 $180,036.64
Oct, 2023 13 $600.12 $1,699.88 $2,300.00 $178,336.77
Nov, 2023 14 $594.46 $1,705.54 $2,300.00 $176,631.22
Dec, 2023 15 $588.77 $1,711.23 $2,300.00 $174,919.99
Jan, 2024 16 $583.07 $1,716.93 $2,300.00 $173,203.06
Feb, 2024 17 $577.34 $1,722.66 $2,300.00 $171,480.40
Mar, 2024 18 $571.60 $1,728.40 $2,300.00 $169,752.00
Apr, 2024 19 $565.84 $1,734.16 $2,300.00 $168,017.84
May, 2024 20 $560.06 $1,739.94 $2,300.00 $166,277.90
Jun, 2024 21 $554.26 $1,745.74 $2,300.00 $164,532.16
Jul, 2024 22 $548.44 $1,751.56 $2,300.00 $162,780.60
Aug, 2024 23 $542.60 $1,757.40 $2,300.00 $161,023.21
Sep, 2024 24 $536.74 $1,763.26 $2,300.00 $159,259.95
Oct, 2024 25 $530.87 $1,769.13 $2,300.00 $157,490.82
Nov, 2024 26 $524.97 $1,775.03 $2,300.00 $155,715.79
Dec, 2024 27 $519.05 $1,780.95 $2,300.00 $153,934.84
Jan, 2025 28 $513.12 $1,786.88 $2,300.00 $152,147.95
Feb, 2025 29 $507.16 $1,792.84 $2,300.00 $150,355.11
Mar, 2025 30 $501.18 $1,798.82 $2,300.00 $148,556.30
Apr, 2025 31 $495.19 $1,804.81 $2,300.00 $146,751.49
May, 2025 32 $489.17 $1,810.83 $2,300.00 $144,940.66
Jun, 2025 33 $483.14 $1,816.86 $2,300.00 $143,123.79
Jul, 2025 34 $477.08 $1,822.92 $2,300.00 $141,300.87
Aug, 2025 35 $471.00 $1,829.00 $2,300.00 $139,471.88
Sep, 2025 36 $464.91 $1,835.09 $2,300.00 $137,636.78
Oct, 2025 37 $458.79 $1,841.21 $2,300.00 $135,795.57
Nov, 2025 38 $452.65 $1,847.35 $2,300.00 $133,948.22
Dec, 2025 39 $446.49 $1,853.51 $2,300.00 $132,094.72
Jan, 2026 40 $440.32 $1,859.68 $2,300.00 $130,235.03
Feb, 2026 41 $434.12 $1,865.88 $2,300.00 $128,369.15
Mar, 2026 42 $427.90 $1,872.10 $2,300.00 $126,497.05
Apr, 2026 43 $421.66 $1,878.34 $2,300.00 $124,618.70
May, 2026 44 $415.40 $1,884.60 $2,300.00 $122,734.10
Jun, 2026 45 $409.11 $1,890.89 $2,300.00 $120,843.21
Jul, 2026 46 $402.81 $1,897.19 $2,300.00 $118,946.02
Aug, 2026 47 $396.49 $1,903.51 $2,300.00 $117,042.51
Sep, 2026 48 $390.14 $1,909.86 $2,300.00 $115,132.65
Oct, 2026 49 $383.78 $1,916.22 $2,300.00 $113,216.43
Nov, 2026 50 $377.39 $1,922.61 $2,300.00 $111,293.82
Dec, 2026 51 $370.98 $1,929.02 $2,300.00 $109,364.79
Jan, 2027 52 $364.55 $1,935.45 $2,300.00 $107,429.34
Feb, 2027 53 $358.10 $1,941.90 $2,300.00 $105,487.44
Mar, 2027 54 $351.62 $1,948.38 $2,300.00 $103,539.07
Apr, 2027 55 $345.13 $1,954.87 $2,300.00 $101,584.20
May, 2027 56 $338.61 $1,961.39 $2,300.00 $99,622.81
Jun, 2027 57 $332.08 $1,967.92 $2,300.00 $97,654.89
Jul, 2027 58 $325.52 $1,974.48 $2,300.00 $95,680.40
Aug, 2027 59 $318.93 $1,981.07 $2,300.00 $93,699.34
Sep, 2027 60 $312.33 $1,987.67 $2,300.00 $91,711.67
Oct, 2027 61 $305.71 $1,994.29 $2,300.00 $89,717.37
Nov, 2027 62 $299.06 $2,000.94 $2,300.00 $87,716.43
Dec, 2027 63 $292.39 $2,007.61 $2,300.00 $85,708.82
Jan, 2028 64 $285.70 $2,014.30 $2,300.00 $83,694.52
Feb, 2028 65 $278.98 $2,021.02 $2,300.00 $81,673.50
Mar, 2028 66 $272.24 $2,027.76 $2,300.00 $79,645.74
Apr, 2028 67 $265.49 $2,034.51 $2,300.00 $77,611.23
May, 2028 68 $258.70 $2,041.30 $2,300.00 $75,569.93
Jun, 2028 69 $251.90 $2,048.10 $2,300.00 $73,521.83
Jul, 2028 70 $245.07 $2,054.93 $2,300.00 $71,466.91
Aug, 2028 71 $238.22 $2,061.78 $2,300.00 $69,405.13
Sep, 2028 72 $231.35 $2,068.65 $2,300.00 $67,336.48
Oct, 2028 73 $224.45 $2,075.55 $2,300.00 $65,260.93
Nov, 2028 74 $217.54 $2,082.46 $2,300.00 $63,178.47
Dec, 2028 75 $210.59 $2,089.41 $2,300.00 $61,089.07
Jan, 2029 76 $203.63 $2,096.37 $2,300.00 $58,992.70
Feb, 2029 77 $196.64 $2,103.36 $2,300.00 $56,889.34
Mar, 2029 78 $189.63 $2,110.37 $2,300.00 $54,778.97
Apr, 2029 79 $182.60 $2,117.40 $2,300.00 $52,661.57
May, 2029 80 $175.54 $2,124.46 $2,300.00 $50,537.10
Jun, 2029 81 $168.46 $2,131.54 $2,300.00 $48,405.56
Jul, 2029 82 $161.35 $2,138.65 $2,300.00 $46,266.91
Aug, 2029 83 $154.22 $2,145.78 $2,300.00 $44,121.14
Sep, 2029 84 $147.07 $2,152.93 $2,300.00 $41,968.21
Oct, 2029 85 $139.89 $2,160.11 $2,300.00 $39,808.10
Nov, 2029 86 $132.69 $2,167.31 $2,300.00 $37,640.79
Dec, 2029 87 $125.47 $2,174.53 $2,300.00 $35,466.26
Jan, 2030 88 $118.22 $2,181.78 $2,300.00 $33,284.48
Feb, 2030 89 $110.95 $2,189.05 $2,300.00 $31,095.43
Mar, 2030 90 $103.65 $2,196.35 $2,300.00 $28,899.08
Apr, 2030 91 $96.33 $2,203.67 $2,300.00 $26,695.41
May, 2030 92 $88.98 $2,211.02 $2,300.00 $24,484.40
Jun, 2030 93 $81.61 $2,218.39 $2,300.00 $22,266.01
Jul, 2030 94 $74.22 $2,225.78 $2,300.00 $20,040.23
Aug, 2030 95 $66.80 $2,233.20 $2,300.00 $17,807.03
Sep, 2030 96 $59.36 $2,240.64 $2,300.00 $15,566.39
Oct, 2030 97 $51.89 $2,248.11 $2,300.00 $13,318.28
Nov, 2030 98 $44.39 $2,255.61 $2,300.00 $11,062.67
Dec, 2030 99 $36.88 $2,263.12 $2,300.00 $8,799.55
Jan, 2031 100 $29.33 $2,270.67 $2,300.00 $6,528.88
Feb, 2031 101 $21.76 $2,278.24 $2,300.00 $4,250.64
Mar, 2031 102 $14.17 $2,285.83 $2,300.00 $1,964.81
Apr, 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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