Mortgage payoff progress calculator
Enter your loan amount, interest rate, term, and how many years have passed. The calculator shows how much principal you've paid off, your remaining balance, the interest you've paid so far, and the percentage of your mortgage that's paid off — plus the full amortization schedule.
How to use this calculator
Enter your original loan amount and annual interest rate. Set the full loan term in years. Enter how many years have elapsed (for example, 2). Click Calculate to see your principal paid, remaining balance, interest paid, and percent paid off.
Why so little is paid off early
If you've had your mortgage for a couple of years and are surprised how little principal you've paid, this is normal. Early payments go mostly toward interest, because interest is charged on your large starting balance. Only a small slice reduces the principal at first.
As the years pass, the balance falls, the interest portion of each payment shrinks, and principal reduction speeds up. This is why the percent-paid-off curve is slow at the beginning and accelerates later.
What this tells you
Knowing your remaining balance and how much you've truly paid off helps with refinancing decisions, estimating home equity, and planning extra payments. Pair this with an extra-payments calculator to see how additional principal changes the picture.