Estimate your monthly payments and find out how long it’ll take you to pay off your home loan early with our free mortgage payoff calculator.

Use this calculator to estimate your potential interest savings with extra mortgage payments or one-time contributions. If you’re refinancing, you can compare your current amortization schedule ...

If you can’t pay off your mortgage early, ... Using Bankrate’s calculator, let’s say you have a 30-year fixed-rate mortgage for $400,000, with an interest rate of 6 percent.

When you pay off your mortgage early, you automatically save money on interest. However, you may be able to earn more from your money by putting it to work somewhere else - like the stock market .

Use our free mortgage calculator to see how paying off your mortgage early could affect your finances. Plug in your numbers, then click on "More details" for information about paying extra each month.

Pay biweekly. When paying biweekly, you make half of your mortgage payment every two weeks instead of paying once monthly.

For example, a borrower who adds just $100 each month to his or her scheduled monthly payment on a $200,000 mortgage at six percent can save in excess of $49,000 over the life of the loan, and ...

Many retiring baby boomers think the right thing to do is pay off their mortgages to be debt-free in retirement.Bankrate.comsays paying off mortgages early is "in" and refinancing to take ...

The payments for a fixed-rate mortgage loan mostly go toward interest in the early years. A larger portion of the loan payment is applied toward reducing the principal in later years.