Early Mortgage Payoff Calculator

Many homeowners are interested in paying off their home mortgage early. If you’re one of them, you’ll benefit from Middlefield Bank’s early mortgage payoff calculator. It’s easy to use, and you will get results in just a few minutes. Simply enter the amount of your mortgage, term in years, date of the loan, interest rate, date of your first monthly payment, and the additional payment amount. The calculator will present the results in an easy-to-read graph and show you how much you will save in interest. You can adjust the amount of your extra monthly payment to arrive at a figure that will fit your budget.

Middlefield Bank has developed tools to help potential homeowners successfully plan and apply for a mortgage, including a mortgage worksheet in PDF form that you can print and use to compare terms from various lenders. Our mortgage checklist spells out timelines and exactly what you need at each stage of the process (including any fees). You’ll be well-prepared to get the most home for your money. To learn more about Middlefield Bank’s mortgages, schedule a meeting with a lending officer at your local Middlefield branch.