Mortgage Payoff Calculator

A Mortgage Payoff Calculator is a tool that helps you understand how you can pay off your mortgage faster and save on interest.

## How do I calculate my mortgage payoff?

Here’s how it works:

- You input the details of your mortgage, such as the Mortgage loan amount, the interest rate, the term of the loan.
- You can also enter any additional amount you’d like to pay each weekly/monthly/yearly.
- The calculator then shows you how much faster you’d pay off your mortgage and how much you’d save in interest if you made these additional payments.
- You can also see the amortization table, which shows you how each payment is split between principal and interest, and how your loan balance decreases over time.

This tool can be very useful if you’re considering making extra payments on your mortgage and want to see the potential savings. Remember, every situation is unique, so it’s always a good idea to consult with a financial advisor before making major decisions about your mortgage.