💡 How much would paying off your mortgage extend your layoff runway?
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Facing a layoff and staring down a multi-year career gap is daunting. One common strategy to stretch your severance and savings is liquidating taxable investments to pay off your mortgage, dropping your monthly burn rate. This calculator models how much longer your cash will last if you eliminate that monthly payment, helping you decide if the peace of mind is worth draining your portfolio.
Available Cash
Total Available Cash
Expenses & Debt
To see how far your cash will stretch, we need your baseline living expenses and the debt you might clear.
🔗 See Also
🏁 Results
Runway with Mortgage (Months)
37
Runway if Paid Off (Months)
54
Months Gained
17
Verdict
Keep mortgage
Paying off the mortgage extends your cash runway, but requires draining investments. Remember that you could also just sell investments monthly to cover the mortgage, which keeps more of your net worth liquid for emergencies.
Calculator updated by heyfinfam (v26.10.0) · View history
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