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.

You can find a mortgage payoff calculator on the Bankrate website, at bankrate.com. Using Bankrate’s calculator, let’s say you have a 30-year fixed-rate mortgage for $400,000, with an interest ...

If you have a 30-year, $250,000 loan at a 5% interest rate, for example, putting an extra $100 a month toward your mortgage payment could save you nearly $40,000 in interest and allow you to pay ...

Learn the advantages and drawbacks of paying off your mortgage early. Get tips on how to make extra payments and decide if it's the best move for you.

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 .

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 ...

Use this mortgage payoff calculator to determine whether it’s the right move for you. Featured Partner Offer. 1. ... The decision to pay off your mortgage early is a personal one.