Question 1

How do I calculate my mortgage payment?

Accepted Answer

By applying the annuity formula to your loan amount, APR, and term; the result is your principal-and-interest payment.

Question 2

What is a mortgage amortization schedule?

Accepted Answer

A month-by-month breakdown showing principal vs interest and remaining balance.

Question 3

Can I pay off my mortgage early?

Accepted Answer

Yes—extra monthly or lump-sum payments reduce interest and shorten the term.

Question 4

How do extra payments change my mortgage payoff?

Accepted Answer

They cut principal faster, moving your payoff date earlier and reducing total interest.

Question 5

What is a mortgage payoff calculator?

Accepted Answer

It shows when the loan ends and how early payments alter the timeline and interest paid.

Mortgage Calculator with Amortization & Extra Payments

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