Loan Payoff Calculator

Give your loan the second look: your real payoff date, what it truly costs in interest, and exactly how much an extra payment every month buys back — in dollars and in months.

How to use it: pick your loan type, enter the balance, rate, and term, then try an extra payment — The Math shows exactly what it buys back.

Example numbers so you can see how it works — swap in yours.

1 · Your loan

Loan balance
APR
Term remaining

2 · The accelerator

Every extra dollar goes straight to principal.

Pays off 10 mo sooner · saves $1,353

Balance over time

▪ minimum only ▪ with extra
1yr2yr3yr4yr5yrpaid off 4.2yrbalance

Principal & interest only — mortgage figures exclude taxes, insurance, and PMI. Assumes fixed rate and no prepayment penalty. Estimates for planning, not a loan offer.

The cheapest money you will ever save

Every extra dollar against principal skips the interest line entirely — no lender approval, no closing costs, no catch beyond a rare prepayment penalty worth checking your contract for. The accelerator above shows the two numbers that make it real: months cut from the loan and interest that never gets charged.