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Schedule & payoff

Payoff date

Also known as: loan payoff, new payoff date

When the loan balance reaches zero under your payment assumptions.

Payoff date is when the mortgage would be fully paid based on the schedule and any extra principal. Making extra payments earlier can move the payoff date forward. Actual payoff depends on real payments, rate changes (if any), and lender rules.

See also

Extra paymentInterest savedAmortization
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Definitions are for general education. Loan products, insurance, and taxes vary by lender, location, and your situation. FinanceFlow calculators produce estimates only and are not a lender quote or professional advice.