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Mr.Modo Mortgage Payoff Calculator

Choose when you want the mortgage gone. See the extra monthly principal needed, then compare your payoff date, lifetime interest, and true home cost.

Presented by Chimeodo Uche

Call Chimeodo or email me

Fixed-rate scenario

Add this calculator to your phone

It will appear on your home screen like an app, so you can open it again with one tap.

iPhone or iPadTap Share in Safari, then choose “Add to Home Screen.”

AndroidOpen the browser menu, then choose “Install app” or “Add to Home screen.”

Your numbers

Home purchase price

Down payment amount

Down payment percent

Edit the dollar amount or percentage. The other value updates automatically.

Loan type

Fixed interest rate

Freddie Mac 30-year fixed average as of Oct 8, 2026. Type to override.

Starting loan amount$400,000

Annual property taxes

Annual homeowners insurance

Annual flood insurance

PMI treatment

Estimated annual PMI rate

PMI is estimated automatically when the down payment is below 20%.

Loan term

First payment date

I want to pay it off in

years

Extra principal needed each month—

Additional principal each month

Added on top of the regular principal-and-interest payment.

Estimated payoff date

—

Your mortgage would be paid off in —.

Starting P&I payment—

Starting with extra—

—

years paid off sooner

Lifetime interest paid—With additional payments

Interest saved—Versus the original schedule

True home cost—Purchase price + interest paid

Starting monthly housing payment

Escrow costs are shown separately from principal and interest.

—

Principal & interest—

Property taxes—

Homeowners insurance—

Flood insurance—

Estimated PMI—

—

Original plan vs. faster plan

Shorter bars mean less time or money spent.

Time to payoff

—

Total interest

—

What the home really costs

Down payment—

Financed principal—

Interest over faster payoff—

Total principal + interest—

Estimate only. ARM results use the rate path you enter and recalculate the required payment at each annual adjustment; actual index changes may differ. Temporary buydowns reduce the borrower’s out-of-pocket payment, but the loan accrues at the full note rate because the subsidy covers the difference. Additional amounts are assumed to be applied to principal every month. Property taxes, homeowners insurance, flood insurance, and estimated PMI are included in the starting monthly housing payment but not in payoff speed, interest totals, or true home cost because they do not reduce the loan balance and may change over time. HOA charges, closing costs, fees, and possible prepayment terms are not included. Confirm terms and payment application with the lender or servicer.