How to Payoff a 25 year Mortgage in 15 years ⬇️ For a $500,000 mortgage at 4.50%: ➡️ With Regular Payment, Mortgage Balance: After 5 Years: $438,882 After 10 Years: $362,758 After 15 Years: $267,540 After 20 Years: $148,592 After 25 Years: 0 ➡️ With An Extra Monthly Payment Each Quarter, Mortgage Balance: After 5 Years: $377,346 After 10 Years: $224,127 After 15 Years: $32,725 AFTER 15 YEARS 10 MONTHS: MORTGAGE-FREE