Calculator

Should you pay off your mortgage early?

See how extra payments stack up against investing that money instead. Real math, no guessing.

Your current mortgage
The amount you still owe, not the original loan amount
$
%
Month and year you closed on your home
30-year
20-year
15-year
Extra payment
$
Every month
Once a year
Every paycheck (bi-weekly)
Compare to investing
Expected stock market return
%
S&P 500 avg (7%) S&P 500 w/ div (10%) Conservative (5%) Aggressive (12%)
—
years saved on your mortgage
—
total interest saved
—
new payoff date
—
original payoff date
—
total extra paid

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Loan balance over time
The full picture: total wealth over time

Once your mortgage is paid off early, you invest your full payment. This shows how both paths compare over the entire loan term.

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pay off early + invest after
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invest the extra instead

Investment returns are hypothetical and not guaranteed. Stock market returns assume reinvested dividends and do not account for taxes or fees. This calculator is for educational purposes only. Consult a financial advisor for personalized advice.
This tool provides estimates for illustrative purposes only and does not constitute a loan offer, pre-approval, commitment, or financial advice. Rates, payments, and figures shown are samples and may not reflect actual terms available to you. Contact Grant Shippel (NMLS# 2750635) at Princeton Mortgage (NMLS# 113856) for a personalized consultation. Equal Housing Lender.