1. Nature of the Service
PayoffKit provides free, client-side computational calculators designed to illustrate mathematical loan amortization and potential interest savings resulting from additional principal payments. By accessing or using PayoffKit, you agree to these Terms of Service.
2. Important Financial and Legal Disclaimer
NOT FINANCIAL, TAX, OR LEGAL ADVICE:
PayoffKit is an educational simulation tool only. The estimates and schedules produced by PayoffKit do not constitute formal financial planning, certified mortgage underwriting, or legal advice.
Actual loan payoff dates and interest balances are governed by the contractual terms established by your mortgage lender or servicer. Variables such as daily interest accrual conventions (365/360 vs 365/365), property tax escrow fluctuations, private mortgage insurance (PMI), homeowners insurance, and servicer posting delays may cause your real-world balance to diverge slightly from theoretical compound amortization models.
3. Intellectual Property and Open Use
The code, design system integration, and calculations provided on PayoffKit are made available for personal, non-commercial use. Automated scraping, reverse engineering for spam funnels, or republishing the utility within ad-laden iframe wrappers is strictly prohibited.
4. Limitation of Liability
Under no circumstances shall PayoffKit, its developers, or contributors be held liable for any direct, indirect, incidental, or consequential damages resulting from the use or inability to use this calculation tool, including but not limited to financial planning decisions made on the basis of simulated amortization figures.
5. Contact Information
If you have questions regarding these terms, please contact us at payoffkit@gmail.com.