Legal notice & disclaimer
Not financial advice
Everything on this website is provided for general information and educational purposes only. It is not financial, investment, tax, accounting or legal advice, it is not a recommendation to take or refrain from any particular action, and it does not take account of your personal circumstances, objectives or risk tolerance.
The results are estimates produced from the figures you type in. They depend entirely on those figures being accurate, and they exclude property taxes, homeowners insurance, PMI, HOA dues, escrow, prepayment penalties and any fee your servicer may charge. Your lender's own amortization schedule and payoff statement are the authoritative documents; small differences in day-count conventions, rounding and payment posting dates will produce small differences in the figures.
Before acting on anything you see here, verify your balance, rate and terms with your servicer and consider speaking to a licensed mortgage professional, a certified financial planner, or a tax adviser. No relationship of any kind is created between you and the operator of this site by using the calculator.
Investment risk
The payoff-versus-invest comparison uses a constant expected rate of return that you choose. Real investment returns are variable and can be negative for extended periods. Past performance does not indicate future results. Paying down a mortgage produces a certain outcome; investing does not. Nothing on this page is a solicitation or recommendation to buy or sell any security.
Site operator
Orlando Alejandro Chacin, operating this site as an individual. There is no registered company behind it.
Contact: payofflab.contacto@gmail.com — see the contact page.
Email is the contact channel for this site. It sells nothing, collects no personal data, operates no mailing list and sends no commercial email, so there is no transaction or correspondence that would require a postal address. If you have a legal matter that genuinely requires one, write to the address above and it will be provided to you directly.
Limitation of liability
The site is provided “as is”, without warranties of any kind, express or implied, including any warranty of accuracy, fitness for a particular purpose or uninterrupted availability. To the fullest extent permitted by law, the operator accepts no liability for any loss or damage — direct, indirect, incidental or consequential — arising from the use of, or reliance on, this website or its calculations.
The site may link to third-party websites. Those links are provided for convenience only; the operator does not control and is not responsible for their content, accuracy or practices.
Intellectual property
The text, design and source code of this site are the property of the operator, except where otherwise stated. The formulas themselves are standard financial mathematics and belong to nobody. You are welcome to reproduce the results of your own calculations wherever you like.
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