📊 Your Mortgage Details
Current avg: 6.5% (2026)
Optional: bonus, tax refund, etc.
🏠 Your Payoff Analysis
Interest Comparison
📋 Year-by-Year Breakdown
| Year | Principal Paid | Interest Paid | Balance |
|---|
Showing first 10 years — scroll for more
⚙️ How It Works
Enter Your Loan
Input your home price, down payment, interest rate, and loan term. We calculate your standard monthly payment automatically.
Add Extra Payments
Tell us how much extra you can pay each month — even $100 makes a difference. Or add a one-time annual lump sum from a bonus or tax refund.
See Your New Payoff Date
Instantly see your accelerated payoff date, total interest saved, and a year-by-year amortization breakdown. No signup, no email — just math.
💡 About PayOffPal
PayOffPal is a free mortgage extra payment calculator built for homeowners who want to take control of their debt. We believe that understanding your mortgage shouldn't require a spreadsheet, a financial advisor, or a subscription.
Why this matters: On a $350,000 home with 20% down at 6.5% interest, an extra $200/month shaves roughly 8 years off a 30-year mortgage and saves over $100,000 in interest. That's not a small tweak — it's a life-changing amount of money.
How it's calculated: We use standard amortization formulas — the same math your lender uses — to project your principal, interest, and remaining balance for every month of your loan. The extra payment goes directly to principal, which is the most efficient way to accelerate your payoff.
Privacy: All calculations happen in your browser. We don't store, collect, or transmit any of your financial data. No account needed, ever.