What is the Accelerated Payoff Calculator?
It is an interactive illustration from Accelerated Strategies. You enter loan figures and it shows a projected path from those figures. It does not approve credit.
Accelerated Payoff Calculator
This page hosts the Accelerated Payoff Calculator. The interactive tool is the same calculator that runs at apcalculator.acceleratedstrategies.com. Use it to try your own mortgage figures. The result is an illustration. It is not a loan offer, a credit decision, or a promise that a mortgage will be paid off on a certain date.
How it works
The calculator asks for the loan details it needs, such as a balance, a rate, and a payment. Those labels are on the tool itself. Type the numbers from your latest mortgage statement when you have them. When you change an input, the projection changes. The tool does not pull your loan from a bank, and it does not apply for a line of credit for you.
A lender still sets the real interest rate, credit limit, and repayment rules. An illustration can leave those out. Before you move money or open a credit line, read the lender's terms.
How this page differs from the spreadsheet
Chop My Mortgage, at /calculator-download, is a spreadsheet. You submit your name, email, and phone, and the file is emailed to you. This page is the interactive calculator. You can use it in the frame below, or open it in a new tab. The pay off versus invest calculator at /payoff-vs-invest-calculator answers a different question: it compares extra principal payments with investing the same cash flow. It does not replace this tool.
Use the calculator
Open the Accelerated Payoff Calculator in a new tab
Questions
Which numbers should I enter?
Use the balance, rate, and payment from your own statement when the tool asks for them. If you do not know a figure, look it up instead of guessing.
Will this tell me the date my mortgage will be paid off?
No. It shows a projection from the inputs on the screen. Your lender's terms, fees, and any change in rate or payment can make the real payoff date different.
Is this the same as Chop My Mortgage?
No. Chop My Mortgage is the downloadable spreadsheet at https://acceleratedstrategies.com/calculator-download. This page is the interactive calculator.
Where is the tool hosted?
The interactive calculator is served from https://apcalculator.acceleratedstrategies.com/ and shown on this page. Accelerated Strategies operates that tool.