Mortgage Calculator: Payoff

H4L Soft

Contains ads

About this app

Mortgage Calculator: Payoff shows what your mortgage really costs each month, and what every extra payment saves. Add an extra payment and see how much sooner you are mortgage-free and how much interest you keep. Results update as you type, with no sign-up, no account and no location.

Your real monthly payment
• Principal and interest, plus property tax, home insurance, HOA, PMI and fees
• Home price, down payment (amount and percent stay linked), rate and term
• Standard, equal-principal and interest-only repayments, where your country uses them
• Monthly, biweekly and accelerated biweekly payments
• Starts with an example, so you see a result straight away

Pay off faster
• Extra payment every month, one-off lump sums and yearly payments on one timeline
• Rate changes, combined with your extra payments
• The new payoff date and the interest you save, as soon as you add an extra
• Balance chart with and without extra payments
• US: the date PMI can be removed

Full schedule
• Every payment with its real date: payment, principal, interest and balance
• Years that expand into months, with extra payments marked
• Export to CSV or PDF (a short ad may come first)

Compare plans
• Save named plans and keep them between visits
• Compare several plans side by side (a short ad may come first)

Trust the numbers
• "How this is calculated" shows the formula, rounding and assumptions behind every result
• Your numbers stay on your device

Mortgage Calculator: Payoff gives estimates for information only. It is not financial advice or a loan offer, and your lender's figures may differ.

What’s new

Initial release