To pay off my mortgage in 5 years, how much should I pay monthly?
December 11, 2025
Advice
I recently wrote a post on how to pay your mortgage off faster.
The gist of it is: throw more money at it.
Current rates on mortgage news daily are at 6.38% so I'll use that rate for this chart.
Here's what it will take to be done in 5 years
Loan Balance Monthly Payment (P&I) $1,000,000 $19,510 $950,000 $18,534 $900,000 $17,559 $850,000 $16,583 $800,000 $15,608 $750,000 $14,632 $700,000 $13,657 $650,000 $12,681 $600,000 $11,706 $550,000 $10,730 $500,000 $9,755 $450,000 $8,780 $400,000 $7,804 $350,000 $6,829 $300,000 $5,853 $250,000 $4,878 $200,000 $3,902 $150,000 $2,927 $100,000 $1,951
Hope it helps!