Terms of Service for Mortgage Payoff Calculator

Effective Date: January 1, 2025 Last Updated: January 1, 2025

Agreement to Terms

By accessing and using Mortgage Payoff Calculator ("the Calculator", "our service", "we", "us"), you agree to be bound by these Terms of Service and all applicable laws and regulations. If you do not agree with any of these terms, you are prohibited from using this service.

Description of Service

Mortgage Payoff Calculator is a free online tool that provides:

• Mortgage payment calculations
• Amortization schedule generation
• Interest savings projections
• Extra payment impact analysis
• PMI removal date calculations
• Biweekly payment planning
• Educational content about mortgages

Important: This calculator is for informational and educational purposes only. It is NOT financial advice.

Use License and Restrictions

Permitted Use

You are granted a non-exclusive, non-transferable, revocable license to use the Calculator for personal, non-commercial purposes, subject to these terms.

You may:

• ✅ Use the calculator for personal mortgage planning
• ✅ Calculate as many scenarios as you want
• ✅ Share results with your family or financial advisor
• ✅ Print or save your calculation results
• ✅ Use the calculator on multiple devices

Prohibited Use

You may NOT:

• ❌ Use the calculator for commercial purposes without written permission
• ❌ Resell, redistribute, or rebrand the calculator
• ❌ Reverse engineer, decompile, or disassemble the calculator code
• ❌ Use automated systems (bots, scrapers) to access the calculator
• ❌ Attempt to overload or disrupt the calculator's infrastructure
• ❌ Remove or obscure copyright notices or attributions
• ❌ Frame or embed the calculator on other websites without permission
• ❌ Use the calculator to violate any laws or regulations

No Financial Advice Disclaimer

Educational Tool Only

The Mortgage Payoff Calculator is provided for informational and educational purposes only. It is NOT:

• ❌ Financial advice
• ❌ Investment advice
• ❌ Tax advice
• ❌ Legal advice
• ❌ A substitute for professional financial planning

Consult Professionals

Before making any financial decisions based on the calculator's results, you should:

• ✅ Consult with a qualified financial advisor
• ✅ Consult with a licensed mortgage professional
• ✅ Consult with a tax professional regarding tax implications
• ✅ Review your actual loan documents and terms
• ✅ Verify all calculations with your lender

Accuracy and Calculations

Standard Formulas

Our calculator uses standard mortgage amortization formulas widely accepted in the financial industry. However:

• Results are based on the data YOU provide
• Actual payments may differ from calculations
• Your lender may use slightly different calculation methods
• We cannot guarantee calculation accuracy for all scenarios

Factors Not Included

Our calculator may not account for:

• Adjustable rate mortgages (ARM) rate changes
• Balloon payments
• Negative amortization
• Special loan programs or incentives
• Escrow account adjustments
• HOA fees
• Local taxes or fees
• Rate changes during the loan term

Your Responsibility

You are responsible for:

• Entering accurate data
• Verifying calculations with your lender
• Understanding your actual loan terms
• Making informed financial decisions

No Warranties

THE CALCULATOR IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO:

• ❌ No warranty of accuracy or completeness
• ❌ No warranty of merchantability
• ❌ No warranty of fitness for a particular purpose
• ❌ No warranty of non-infringement
• ❌ No warranty of uninterrupted or error-free service

We do not warrant that:

• The calculator will meet your requirements
• Results will be accurate or reliable
• Errors or bugs will be corrected
• The service will be available at all times

Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW:

No Financial Liability

We are NOT liable for any financial losses, damages, or consequences resulting from:

• Use or inability to use the calculator
• Reliance on calculation results
• Errors or inaccuracies in calculations
• Financial decisions made based on calculator results
• Missed opportunities or wrong decisions

Types of Damages Excluded

We are not liable for:

• Direct damages
• Indirect damages
• Incidental damages
• Consequential damages
• Punitive damages
• Loss of profits
• Loss of savings
• Loss of opportunity
• Emotional distress

Maximum Liability

In no event shall our total liability to you exceed $0 (zero dollars), as this is a free service.

Indemnification

You agree to indemnify, defend, and hold harmless Mortgage Payoff Calculator, its owners, operators, employees, and affiliates from any claims, damages, losses, liabilities, and expenses (including legal fees) arising from:

• Your use of the calculator
• Your violation of these terms
• Your violation of any rights of another party
• Any financial decisions you make based on calculator results

User Data and Privacy

No Data Collection

As stated in our Privacy Policy:

• We do NOT collect your mortgage details
• We do NOT store your calculations
• All calculations happen in YOUR browser
• Your data never leaves your device

Your Responsibility

You are responsible for:

• Keeping your device secure
• Managing your own data
• Clearing browser data if using a shared computer
• Not sharing sensitive information in public places

Intellectual Property

Our Rights

All content, features, and functionality of the Calculator, including but not limited to:

• Source code
• Design elements
• User interface
• Text content
• Graphics and logos
• Calculation algorithms

are owned by us or our licensors and are protected by copyright, trademark, and other intellectual property laws.

Limited License

We grant you a limited, non-exclusive, non-transferable license to use the Calculator for personal purposes. This license does not include any right to:

• Copy or reproduce the calculator
• Create derivative works
• Distribute or sublicense
• Commercially exploit the calculator

Third-Party Links

Our website may contain links to third-party websites or resources. We:

• Do not endorse these external sites
• Are not responsible for their content
• Are not liable for any damages from your use of external sites
• Recommend reviewing their terms and privacy policies

Modifications to Service

We reserve the right to:

• Modify or discontinue the Calculator at any time
• Change features or functionality
• Update calculation methods
• Add or remove content
• Impose usage limits

We will make reasonable efforts to notify users of significant changes, but we are not obligated to do so.

Modifications to Terms

We may update these Terms of Service from time to time. Changes will be effective when posted on this page with an updated "Last Updated" date.

Your continued use of the Calculator after changes constitute acceptance of the new terms. If you do not agree with the changes, you should stop using the Calculator.

Termination

We reserve the right to:

• Terminate or suspend your access at any time
• Without prior notice
• For any reason or no reason
• Without liability to you

Upon termination, your right to use the Calculator ceases immediately.

Governing Law and Jurisdiction

These Terms shall be governed by and construed in accordance with the laws of [Your Jurisdiction], without regard to conflict of law principles.

Any disputes arising from these terms or your use of the Calculator shall be resolved in the courts of [Your Jurisdiction].

Severability

If any provision of these Terms is found to be unenforceable or invalid, that provision shall be limited or eliminated to the minimum extent necessary, and the remaining provisions shall remain in full force and effect.

Entire Agreement

These Terms of Service, together with our Privacy Policy, constitute the entire agreement between you and Mortgage Payoff Calculator regarding your use of the service.

Waiver

Our failure to enforce any right or provision of these Terms shall not constitute a waiver of such right or provision.

Contact Information

If you have questions about these Terms of Service, please contact us:

Website: https://mortgagepayoffcalculator.me Email: support@mortgagepayoffcalculator.me

Acknowledgment

BY USING THE MORTGAGE PAYOFF CALCULATOR, YOU ACKNOWLEDGE THAT:

1. ✅ You have read and understood these Terms of Service
2. ✅ You agree to be bound by these terms
3. ✅ The calculator is for informational purposes only
4. ✅ You will consult professionals before making financial decisions
5. ✅ You understand the calculator provides no warranties
6. ✅ You use the calculator at your own risk
7. ✅ You will not rely solely on calculator results for financial decisions

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Summary (Plain English)

In Simple Terms:

• 📊 Free tool for education - Not financial advice
• ✅ Use it freely - For personal mortgage planning
• ⚠️ No guarantees - Verify with your lender
• 🔒 Your data is private - Calculations happen in your browser
• 💼 Consult professionals - Before making financial decisions
• ⚖️ No liability - Use at your own risk
• 📝 We can update these terms - Check periodically for changes

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Last Updated: January 1, 2025