Mortgage payoff calculator 2026
A mortgage payoff calculator estimates how much remains on your home loan and when it will be fully repaid under the current loan terms. This tool models principal and interest based on your outstanding balance, interest rate, and remaining term. Results are mathematical projections using standard amortization and are not an official payoff statement. Your actual payoff amount depends on your loan contract, accrued interest, and any applicable fees or servicing adjustments.
Estimates only. Loan terms and approval depend on lender underwriting.
Mortgage Payoff Calculator
Mortgage Result
Enter loan details to calculate.
How it works
The payoff estimate follows a standard closed-end mortgage amortization schedule. Each payment is divided between interest and principal, and the remaining balance declines over time according to the loan terms. Interest accrues on the outstanding principal until the balance reaches zero. The calculator projects the remaining payoff timeline and total interest based solely on the inputs you provide. This model reflects principal and interest only and does not include escrow balances, taxes, insurance, or lender-specific servicing adjustments. Federal consumer mortgage regulations require certain disclosures, but they do not determine your specific payoff amount.
Examples
Example: If you enter your current outstanding balance, interest rate, and remaining term, the calculator will project how many payments remain and the total interest still to be paid. The amortization schedule shows how each future payment reduces principal and interest over time. These results provide an estimate of remaining payoff under your existing loan structure.
Limitations and important notes
This calculator provides an estimate based on amortization math for principal and interest only. It does not generate an official payoff quote. It does not account for escrow shortages, late fees, servicing adjustments, mortgage insurance, or contractual prepayment provisions. The binding payoff amount must be obtained directly from your loan servicer and may include accrued interest through a specific payoff date.
FAQs
Is the payoff amount the same as my current balance?
Not necessarily. An official payoff amount may include accrued interest through the payoff date and any permitted fees. The remaining principal balance shown on a statement may differ from the full payoff figure.
Does this calculator show how much I still owe?
Yes. Based on your inputs, it estimates the remaining balance over time and projects when the loan will be fully repaid under the current terms.
Does this tool include taxes or insurance?
No. The calculation models principal and interest only. Escrow items such as property taxes and homeowners insurance are not included.
Is this an official payoff statement from my lender?
No. This is an estimate based on standard amortization math. Your loan servicer provides the official payoff amount and timeline according to your mortgage contract.
Calculations are simplified and for guidance only. Always double-check results and current rules with official sources or a qualified professional before making financial decisions.