Mortgage Payoff Chart
Visualize your mortgage balance dropping and equity rising year by year. Enter loan size, rate, and term to see monthly payment, total interest, and a balance vs. equity chart across the full loan.
How to use this tool
- Enter mortgage amount, annual interest rate and loan term in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your monthly payment and the full breakdown beneath it.
Over a 30-year mortgage most of your early payments fund the bank's interest. This chart makes that visible — the crossover point where equity exceeds remaining balance typically happens in the second half of the loan.
Frequently asked questions
- What is mortgage equity?
- Equity is the portion of the home's value you truly own: home value minus remaining mortgage balance. As you pay down principal, equity rises.
- Does this include property taxes and insurance?
- No — this shows principal and interest (P&I) only. Add your tax and insurance estimates separately to get your full monthly housing cost (PITI).