Loan Payoff Calculator
Calculate your loan payoff date and total interest payments
Understanding Loan Payoff Calculations
How It Works
The loan payoff calculator uses your current loan balance, monthly payment amount, and interest rate to determine when your loan will be fully paid off. It takes into account both principal and interest payments to give you an accurate payoff date.
Impact of Extra Payments
Making extra payments can significantly reduce your loan term and total interest paid. Even small additional monthly payments can lead to substantial savings over the life of the loan. Try different monthly payment amounts to see how much you could save.