Mortgage Payoff Calculator
Calculate how extra mortgage payments help you close your loan faster and save interest. Plan your prepayment strategy.
Accelerating Loan Payoff
By making extra payments toward your home loan, you reduce total interest paid and close the loan early. This calculator shows: how many years you save, total interest saved, and new loan closing date. Strategy: Pay even ₹10,000 extra monthly and save lakhs in interest.
Calculate Payoff
Loan Amount (₹)₹20,00,000
₹
Interest Rate (%)8%
%
Extra Monthly Payment (₹)₹20,000
₹
Results
Regular Tenure
20 years
With Extra Payment
15 years
Years Saved
5 years
Interest Saved
₹15,00,000