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A mortgage payoff calculator shows how making extra principal payments accelerates payoff and reduces total interest paid. Because mortgage interest is front-loaded (amortized), even small extra payments in the early years save disproportionately large amounts of interest.

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1. 1Standard amortization: each payment covers interest first, then principal
2. 2Extra payments go entirely to principal, reducing future interest
3. 3Interest saved = (Standard total paid) − (With extra payments total)
4. 4Months saved = Standard term − Actual payoff month with extra payments

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