Mortgage Payoff Target Calculator

Find the monthly principal-and-interest payment needed to finish your loan by a chosen year.

Your estimate

Required monthly P&I: $2,385.83
Extra principal needed monthly: $363.22
Interest difference: $155,542.19
Payments until payoff: 240 months

With extra paymentsOriginal loan

Starting values are illustrative, not live quotes.

Payment schedule

Payment schedule
Month	Payment	Principal	Interest	Balance
1	$2,385.83	$652.50	$1,733.33	$319,347.50
2	$2,385.83	$656.04	$1,729.80	$318,691.46
3	$2,385.83	$659.59	$1,726.25	$318,031.88
4	$2,385.83	$663.16	$1,722.67	$317,368.71
5	$2,385.83	$666.75	$1,719.08	$316,701.96
6	$2,385.83	$670.37	$1,715.47	$316,031.60
7	$2,385.83	$674.00	$1,711.84	$315,357.60
8	$2,385.83	$677.65	$1,708.19	$314,679.95
9	$2,385.83	$681.32	$1,704.52	$313,998.63
10	$2,385.83	$685.01	$1,700.83	$313,313.63
11	$2,385.83	$688.72	$1,697.12	$312,624.91
12	$2,385.83	$692.45	$1,693.38	$311,932.46
13	$2,385.83	$696.20	$1,689.63	$311,236.26
14	$2,385.83	$699.97	$1,685.86	$310,536.29
15	$2,385.83	$703.76	$1,682.07	$309,832.53
16	$2,385.83	$707.57	$1,678.26	$309,124.95
17	$2,385.83	$711.41	$1,674.43	$308,413.54
18	$2,385.83	$715.26	$1,670.57	$307,698.28
19	$2,385.83	$719.13	$1,666.70	$306,979.15
20	$2,385.83	$723.03	$1,662.80	$306,256.12
21	$2,385.83	$726.95	$1,658.89	$305,529.17
22	$2,385.83	$730.88	$1,654.95	$304,798.29
23	$2,385.83	$734.84	$1,650.99	$304,063.44
24	$2,385.83	$738.82	$1,647.01	$303,324.62
25	$2,385.83	$742.83	$1,643.01	$302,581.79
26	$2,385.83	$746.85	$1,638.98	$301,834.94
27	$2,385.83	$750.89	$1,634.94	$301,084.05
28	$2,385.83	$754.96	$1,630.87	$300,329.09
29	$2,385.83	$759.05	$1,626.78	$299,570.04
30	$2,385.83	$763.16	$1,622.67	$298,806.87
31	$2,385.83	$767.30	$1,618.54	$298,039.58
32	$2,385.83	$771.45	$1,614.38	$297,268.12
33	$2,385.83	$775.63	$1,610.20	$296,492.49
34	$2,385.83	$779.83	$1,606.00	$295,712.66
35	$2,385.83	$784.06	$1,601.78	$294,928.60
36	$2,385.83	$788.30	$1,597.53	$294,140.30
37	$2,385.83	$792.57	$1,593.26	$293,347.72
38	$2,385.83	$796.87	$1,588.97	$292,550.86
39	$2,385.83	$801.18	$1,584.65	$291,749.67
40	$2,385.83	$805.52	$1,580.31	$290,944.15
41	$2,385.83	$809.89	$1,575.95	$290,134.26
42	$2,385.83	$814.27	$1,571.56	$289,319.99
43	$2,385.83	$818.68	$1,567.15	$288,501.31
44	$2,385.83	$823.12	$1,562.72	$287,678.19
45	$2,385.83	$827.58	$1,558.26	$286,850.61
46	$2,385.83	$832.06	$1,553.77	$286,018.55
47	$2,385.83	$836.57	$1,549.27	$285,181.98
48	$2,385.83	$841.10	$1,544.74	$284,340.88
49	$2,385.83	$845.65	$1,540.18	$283,495.23
50	$2,385.83	$850.23	$1,535.60	$282,645.00
51	$2,385.83	$854.84	$1,530.99	$281,790.16
52	$2,385.83	$859.47	$1,526.36	$280,930.68
53	$2,385.83	$864.13	$1,521.71	$280,066.56
54	$2,385.83	$868.81	$1,517.03	$279,197.75
55	$2,385.83	$873.51	$1,512.32	$278,324.24
56	$2,385.83	$878.24	$1,507.59	$277,445.99
57	$2,385.83	$883.00	$1,502.83	$276,562.99
58	$2,385.83	$887.78	$1,498.05	$275,675.21
59	$2,385.83	$892.59	$1,493.24	$274,782.61
60	$2,385.83	$897.43	$1,488.41	$273,885.19
61	$2,385.83	$902.29	$1,483.54	$272,982.90
62	$2,385.83	$907.18	$1,478.66	$272,075.72
63	$2,385.83	$912.09	$1,473.74	$271,163.63
64	$2,385.83	$917.03	$1,468.80	$270,246.60
65	$2,385.83	$922.00	$1,463.84	$269,324.60
66	$2,385.83	$926.99	$1,458.84	$268,397.61
67	$2,385.83	$932.01	$1,453.82	$267,465.59
68	$2,385.83	$937.06	$1,448.77	$266,528.53
69	$2,385.83	$942.14	$1,443.70	$265,586.39
70	$2,385.83	$947.24	$1,438.59	$264,639.15
71	$2,385.83	$952.37	$1,433.46	$263,686.78
72	$2,385.83	$957.53	$1,428.30	$262,729.25
73	$2,385.83	$962.72	$1,423.12	$261,766.53
74	$2,385.83	$967.93	$1,417.90	$260,798.60
75	$2,385.83	$973.17	$1,412.66	$259,825.43
76	$2,385.83	$978.45	$1,407.39	$258,846.98
77	$2,385.83	$983.75	$1,402.09	$257,863.23
78	$2,385.83	$989.07	$1,396.76	$256,874.16
79	$2,385.83	$994.43	$1,391.40	$255,879.73
80	$2,385.83	$999.82	$1,386.02	$254,879.91
81	$2,385.83	$1,005.23	$1,380.60	$253,874.67
82	$2,385.83	$1,010.68	$1,375.15	$252,863.99
83	$2,385.83	$1,016.15	$1,369.68	$251,847.84
84	$2,385.83	$1,021.66	$1,364.18	$250,826.18
85	$2,385.83	$1,027.19	$1,358.64	$249,798.99
86	$2,385.83	$1,032.76	$1,353.08	$248,766.23
87	$2,385.83	$1,038.35	$1,347.48	$247,727.88
88	$2,385.83	$1,043.97	$1,341.86	$246,683.91
89	$2,385.83	$1,049.63	$1,336.20	$245,634.28
90	$2,385.83	$1,055.32	$1,330.52	$244,578.96
91	$2,385.83	$1,061.03	$1,324.80	$243,517.93
92	$2,385.83	$1,066.78	$1,319.06	$242,451.15
93	$2,385.83	$1,072.56	$1,313.28	$241,378.60
94	$2,385.83	$1,078.37	$1,307.47	$240,300.23
95	$2,385.83	$1,084.21	$1,301.63	$239,216.02
96	$2,385.83	$1,090.08	$1,295.75	$238,125.94
97	$2,385.83	$1,095.99	$1,289.85	$237,029.96
98	$2,385.83	$1,101.92	$1,283.91	$235,928.04
99	$2,385.83	$1,107.89	$1,277.94	$234,820.15
100	$2,385.83	$1,113.89	$1,271.94	$233,706.25
101	$2,385.83	$1,119.93	$1,265.91	$232,586.33
102	$2,385.83	$1,125.99	$1,259.84	$231,460.34
103	$2,385.83	$1,132.09	$1,253.74	$230,328.25
104	$2,385.83	$1,138.22	$1,247.61	$229,190.02
105	$2,385.83	$1,144.39	$1,241.45	$228,045.64
106	$2,385.83	$1,150.59	$1,235.25	$226,895.05
107	$2,385.83	$1,156.82	$1,229.01	$225,738.23
108	$2,385.83	$1,163.09	$1,222.75	$224,575.14
109	$2,385.83	$1,169.39	$1,216.45	$223,405.76
110	$2,385.83	$1,175.72	$1,210.11	$222,230.04
111	$2,385.83	$1,182.09	$1,203.75	$221,047.95
112	$2,385.83	$1,188.49	$1,197.34	$219,859.46
113	$2,385.83	$1,194.93	$1,190.91	$218,664.53
114	$2,385.83	$1,201.40	$1,184.43	$217,463.13
115	$2,385.83	$1,207.91	$1,177.93	$216,255.22
116	$2,385.83	$1,214.45	$1,171.38	$215,040.77
117	$2,385.83	$1,221.03	$1,164.80	$213,819.74
118	$2,385.83	$1,227.64	$1,158.19	$212,592.10
119	$2,385.83	$1,234.29	$1,151.54	$211,357.80
120	$2,385.83	$1,240.98	$1,144.85	$210,116.82
121	$2,385.83	$1,247.70	$1,138.13	$208,869.12
122	$2,385.83	$1,254.46	$1,131.37	$207,614.66
123	$2,385.83	$1,261.25	$1,124.58	$206,353.41
124	$2,385.83	$1,268.09	$1,117.75	$205,085.32
125	$2,385.83	$1,274.96	$1,110.88	$203,810.37
126	$2,385.83	$1,281.86	$1,103.97	$202,528.51
127	$2,385.83	$1,288.80	$1,097.03	$201,239.70
128	$2,385.83	$1,295.79	$1,090.05	$199,943.92
129	$2,385.83	$1,302.80	$1,083.03	$198,641.11
130	$2,385.83	$1,309.86	$1,075.97	$197,331.25
131	$2,385.83	$1,316.96	$1,068.88	$196,014.29
132	$2,385.83	$1,324.09	$1,061.74	$194,690.20
133	$2,385.83	$1,331.26	$1,054.57	$193,358.94
134	$2,385.83	$1,338.47	$1,047.36	$192,020.47
135	$2,385.83	$1,345.72	$1,040.11	$190,674.74
136	$2,385.83	$1,353.01	$1,032.82	$189,321.73
137	$2,385.83	$1,360.34	$1,025.49	$187,961.39
138	$2,385.83	$1,367.71	$1,018.12	$186,593.68
139	$2,385.83	$1,375.12	$1,010.72	$185,218.56
140	$2,385.83	$1,382.57	$1,003.27	$183,836.00
141	$2,385.83	$1,390.06	$995.78	$182,445.94
142	$2,385.83	$1,397.59	$988.25	$181,048.36
143	$2,385.83	$1,405.16	$980.68	$179,643.20
144	$2,385.83	$1,412.77	$973.07	$178,230.43
145	$2,385.83	$1,420.42	$965.41	$176,810.01
146	$2,385.83	$1,428.11	$957.72	$175,381.90
147	$2,385.83	$1,435.85	$949.99	$173,946.05
148	$2,385.83	$1,443.63	$942.21	$172,502.43
149	$2,385.83	$1,451.45	$934.39	$171,050.98
150	$2,385.83	$1,459.31	$926.53	$169,591.67
151	$2,385.83	$1,467.21	$918.62	$168,124.46
152	$2,385.83	$1,475.16	$910.67	$166,649.30
153	$2,385.83	$1,483.15	$902.68	$165,166.15
154	$2,385.83	$1,491.18	$894.65	$163,674.97
155	$2,385.83	$1,499.26	$886.57	$162,175.70
156	$2,385.83	$1,507.38	$878.45	$160,668.32
157	$2,385.83	$1,515.55	$870.29	$159,152.77
158	$2,385.83	$1,523.76	$862.08	$157,629.02
159	$2,385.83	$1,532.01	$853.82	$156,097.01
160	$2,385.83	$1,540.31	$845.53	$154,556.70
161	$2,385.83	$1,548.65	$837.18	$153,008.05
162	$2,385.83	$1,557.04	$828.79	$151,451.01
163	$2,385.83	$1,565.47	$820.36	$149,885.53
164	$2,385.83	$1,573.95	$811.88	$148,311.58
165	$2,385.83	$1,582.48	$803.35	$146,729.10
166	$2,385.83	$1,591.05	$794.78	$145,138.05
167	$2,385.83	$1,599.67	$786.16	$143,538.38
168	$2,385.83	$1,608.33	$777.50	$141,930.04
169	$2,385.83	$1,617.05	$768.79	$140,313.00
170	$2,385.83	$1,625.81	$760.03	$138,687.19
171	$2,385.83	$1,634.61	$751.22	$137,052.58
172	$2,385.83	$1,643.47	$742.37	$135,409.11
173	$2,385.83	$1,652.37	$733.47	$133,756.75
174	$2,385.83	$1,661.32	$724.52	$132,095.43
175	$2,385.83	$1,670.32	$715.52	$130,425.11
176	$2,385.83	$1,679.36	$706.47	$128,745.75
177	$2,385.83	$1,688.46	$697.37	$127,057.28
178	$2,385.83	$1,697.61	$688.23	$125,359.68
179	$2,385.83	$1,706.80	$679.03	$123,652.87
180	$2,385.83	$1,716.05	$669.79	$121,936.83
181	$2,385.83	$1,725.34	$660.49	$120,211.48
182	$2,385.83	$1,734.69	$651.15	$118,476.80
183	$2,385.83	$1,744.08	$641.75	$116,732.71
184	$2,385.83	$1,753.53	$632.30	$114,979.18
185	$2,385.83	$1,763.03	$622.80	$113,216.15
186	$2,385.83	$1,772.58	$613.25	$111,443.57
187	$2,385.83	$1,782.18	$603.65	$109,661.39
188	$2,385.83	$1,791.83	$594.00	$107,869.55
189	$2,385.83	$1,801.54	$584.29	$106,068.01
190	$2,385.83	$1,811.30	$574.54	$104,256.71
191	$2,385.83	$1,821.11	$564.72	$102,435.60
192	$2,385.83	$1,830.97	$554.86	$100,604.63
193	$2,385.83	$1,840.89	$544.94	$98,763.74
194	$2,385.83	$1,850.86	$534.97	$96,912.87
195	$2,385.83	$1,860.89	$524.94	$95,051.98
196	$2,385.83	$1,870.97	$514.86	$93,181.01
197	$2,385.83	$1,881.10	$504.73	$91,299.91
198	$2,385.83	$1,891.29	$494.54	$89,408.62
199	$2,385.83	$1,901.54	$484.30	$87,507.08
200	$2,385.83	$1,911.84	$474.00	$85,595.24
201	$2,385.83	$1,922.19	$463.64	$83,673.05
202	$2,385.83	$1,932.61	$453.23	$81,740.44
203	$2,385.83	$1,943.07	$442.76	$79,797.37
204	$2,385.83	$1,953.60	$432.24	$77,843.77
205	$2,385.83	$1,964.18	$421.65	$75,879.59
206	$2,385.83	$1,974.82	$411.01	$73,904.77
207	$2,385.83	$1,985.52	$400.32	$71,919.26
208	$2,385.83	$1,996.27	$389.56	$69,922.99
209	$2,385.83	$2,007.08	$378.75	$67,915.90
210	$2,385.83	$2,017.96	$367.88	$65,897.94
211	$2,385.83	$2,028.89	$356.95	$63,869.06
212	$2,385.83	$2,039.88	$345.96	$61,829.18
213	$2,385.83	$2,050.93	$334.91	$59,778.26
214	$2,385.83	$2,062.04	$323.80	$57,716.22
215	$2,385.83	$2,073.20	$312.63	$55,643.02
216	$2,385.83	$2,084.43	$301.40	$53,558.58
217	$2,385.83	$2,095.73	$290.11	$51,462.86
218	$2,385.83	$2,107.08	$278.76	$49,355.78
219	$2,385.83	$2,118.49	$267.34	$47,237.29
220	$2,385.83	$2,129.97	$255.87	$45,107.32
221	$2,385.83	$2,141.50	$244.33	$42,965.82
222	$2,385.83	$2,153.10	$232.73	$40,812.72
223	$2,385.83	$2,164.77	$221.07	$38,647.95
224	$2,385.83	$2,176.49	$209.34	$36,471.46
225	$2,385.83	$2,188.28	$197.55	$34,283.18
226	$2,385.83	$2,200.13	$185.70	$32,083.05
227	$2,385.83	$2,212.05	$173.78	$29,871.00
228	$2,385.83	$2,224.03	$161.80	$27,646.97
229	$2,385.83	$2,236.08	$149.75	$25,410.89
230	$2,385.83	$2,248.19	$137.64	$23,162.69
231	$2,385.83	$2,260.37	$125.46	$20,902.32
232	$2,385.83	$2,272.61	$113.22	$18,629.71
233	$2,385.83	$2,284.92	$100.91	$16,344.79
234	$2,385.83	$2,297.30	$88.53	$14,047.49
235	$2,385.83	$2,309.74	$76.09	$11,737.74
236	$2,385.83	$2,322.25	$63.58	$9,415.49
237	$2,385.83	$2,334.83	$51.00	$7,080.66
238	$2,385.83	$2,347.48	$38.35	$4,733.18
239	$2,385.83	$2,360.20	$25.64	$2,372.98
240	$2,385.83	$2,372.98	$12.85	$0.00

Updated September 9, 2026

How to use

Replace the example inputs with your loan and property figures.
Select Calculate to update the estimate and any schedule.
Change one assumption at a time, then compare the result with the earlier scenario.

How this calculation works

The calculator solves the fixed-payment formula twice: once over the remaining contractual term and once over the shorter target term. The difference is the recurring extra principal required to reach the target under monthly amortization.

Extra required = payment over target months − payment over remaining months

Worked example

Illustrative inputs — not a quote or a local average.

Current principal balance: $320,000.00
Interest rate: 6.5 %
Years remaining: 30 years
Payoff target: 20 years

Required monthly P&I: $2,385.83. Extra principal needed monthly: $363.22. Interest difference: $155,542.19.

Reading the result

Start with a target you can fund consistently. Then compare a target one or two years later. The payment difference shows what flexibility costs in additional interest. This is particularly useful when planning around retirement or a predictable change in household income.

Before acting on the estimate

The starting balance must be your current principal, and the term must be the time remaining. Entering the original term for a loan already several years old understates the baseline payment. The target cannot be longer than the remaining term.