**THANKS! I got the help I needed.**
Greetings! I need help with some mortgage calculations or a link to a specific calculator. My info- just turned 61, I am in the process of setting myself up for retirement in six years or so (not set on a date, as I love my job and could go until I’m 70). I am debt free except my mortgage. Yay! It took many years… Currently my mortgage payoff is $48,044.67, my interest rate is 4.37%. My payment is $721.69 (390 principal, 175 interest, 156 escrow). I can now add an additional $400 monthly to my payment to pay down the principal. I want no mortgage when I retire and am pretty sure that will happen, but I am looking for help in trying to figure out how much longer I do have with the info supplied above.
I am a long term planner and want to try and figure out how much time I will have after payoff to bank those payments in a HYSA before retirement, this will help me plan better for when to retire. I totally understand that escrow can change, but I always pay the difference if there is any to try and keep my payments as level as possible. Any help from all you financial gurus would be much appreciated!