Mortgage Remaining Balance Calculator
See what is still owed on a mortgage after a set number of payments. Enter the original loan, the rate, the term and how many monthly payments have been made.
- Free
- Works offline after your first visit
- Saves on this device
- No sign-up
- Updated
How it works
The monthly payment comes from the loan, the rate and the term. The balance after a number of payments is the loan grown at the monthly rate, less the payments grown the same way. Early on most of each payment is interest, so the balance falls slowly at first.
This assumes regular payments only and no fees or rate changes. For a payoff figure, use the balance on your lender's statement.
Worked example
A $250,000.00 loan at 6% over 30 years has a payment of $1,498.88. After 84 payments, $224,098.46 is still owed.
Questions
Is this my payoff amount?
Not exactly. A payoff figure can add interest to date and fees, so ask your lender for a written payoff quote.
Why does the balance barely move at first?
Early payments are mostly interest, because the balance is still large. Principal makes up more of each payment later on.
What if I made extra payments?
This does not include extra payments. Use the balance on your lender's statement instead.
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