Loan Officer Tools · Extra Payment / Mortgage Payoff
Extra Payment / Mortgage Payoff
Illustrate the potential payoff-time and interest impact of recurring or one-time principal payments using the borrower’s current loan details.
Step 1 of 2
See What Paying Extra Could Save You
Enter the current loan details and the additional principal scenario.
Build the payoff scenario
Use the current servicing statement whenever possible.
Use the current statement amount when available.
Illustrated as an immediate principal reduction.
Estimated Payoff Impact
Enter the current loan and extra-payment assumptions, then select Calculate Payoff Impact.
Illustration only—not servicing or financial advice. Confirm the current balance, payment allocation, payment schedule, prepayment terms, and payoff figures with the loan servicer. Results assume payments are made monthly and extra amounts are applied directly to principal. Escrows, fees, late charges, biweekly timing, and prepayment penalties are not included.