Moore Practical Living Mortgage Payoff Planner

Mortgage Payoff & Goal Planner

Take the confusion out of mortgage payoff planning. This easy-to-use Excel spreadsheet helps homeowners understand their current mortgage, track past-due amounts and fees, and see how additional principal payments could change their balance and payoff timeline.

Simply enter the information from your mortgage statement, choose when you want extra payments to begin, and explore different payoff goals—including paying the mortgage in full or reducing it to a specific balance before using savings, a 401(k), or another lump-sum source.

This planner includes:

• Original mortgage amount, interest rate, origination date and loan term
• Automatically calculated maturity date and remaining term
• Current principal balance and statement amount due
• Separate tracking for regular payments, past-due payments and fees
• Unpaid past-due amounts and fees carried forward
• Monthly property taxes, escrow and homeowners insurance
• Full monthly mortgage payment calculation
• Customer-selected extra-payment amount and start date
• Goal mortgage balance and target date
• Calculated extra principal needed to reach the selected goal
• Customer age at each estimated goal or payoff date
• Month-by-month mortgage schedule
• Balance comparisons for the customer’s selected plan, goal plan and original loan
• Highlighted rows showing when the goal or original payoff point is reached

The comparison section lets you see how extra principal payments may reduce their balance faster and lower the total mortgage interest paid.

Digital Product Notice: This is a Microsoft Excel spreadsheet. No physical product will be mailed. Microsoft Excel or compatible spreadsheet software is required.

Important: This planner is provided for educational and personal planning purposes only. Results are estimates based on the information entered and may differ from a lender’s official calculations. It does not provide financial, tax, legal, retirement or investment advice. Always confirm payoff amounts, fees and payment requirements directly with the mortgage servicer before making financial decisions.