Meet a Payoff Goal
How much additional monthly payment is necessary to pay off your mortgage?
If you would like to pay off your mortgage in 1 years instead of the current 1.08 years, you will need to start making a second monthly mortgage payment in the amount of $428.05. This will cut your current mortgage interest cost from $1,718.91 down to $1,577.65, a savings of $141.27 in interest charges.
These mortgage calculators are provided as a convenience to our clients and website visitors, and do not replace a pre-qualification discussion with a licensed mortgage broker or mortgage lender. We encourage our clients and website visitors to speak with a licensed lender early in the home-buying process to thouroughly understand your lending options and qualifications.
Neither The Kearns Team nor RE/MAX Alliance are licensed lenders and we do not make any representations or guarantees regarding interest rates or your qualifications to purchase or re-finance a property.