Mortgage Freedom Calculator

Plan your path to being mortgage-free

Welcome! Let's get started

Enter your mortgage details below to see how extra payments can help you become debt-free sooner.

Your Current Mortgage

Today's Date
Current Balance
$
Interest Rate (%)
%
Monthly Payment (P&I)
--
Auto-calculated
Original Payoff Date
Your Current Age
Age at Original Payoff
--
Auto-calculated

Target Payoff Age

I want to be mortgage-free by age: --
30 40 50 60 70 80
One-Time Lump Sum Payment
$
Applied immediately to principal
Bi-weekly payments
Pay half monthly amount every 2 weeks (26 payments/year = 13 monthly equivalents)
Extra Monthly Payment Needed
--
on top of your regular payment
New Total Monthly Payment
--
principal & interest only
Years to Payoff
--
Payoff: ---
Total Interest Saved
--
vs. original schedule

Balance Over Time

Original Schedule
Accelerated Payoff

Payment Comparison

Scenario Monthly Payment Payoff Age Total Interest Total Paid
Original Schedule -- -- -- --
With Extra Payment -- -- -- --

Amortization Schedule

Year Age Starting Balance Interest Paid Principal Paid Ending Balance

Your Potential Savings

--

Enter your mortgage details above to see your savings potential.

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