Loan Payoff Calculator
See when you'll be debt-free and how much interest extra monthly payments save you, with a year-by-year payoff table. Free calculator.
%
Paid off in2 y 11 m
Debt-free byOctober 2029
Total interest$2,193.60
Time saved with extra0 y 10 m
Interest saved$673.51
Formula
Each month: balance = balance + balance × (rate ÷ 12) − payment, until it reaches zero.Ad space · responsive
How to use Loan Payoff Calculator
- Enter the balance, interest rate and your monthly payment.
- Add an extra monthly payment to see the difference.
- Read the payoff date, total interest and what extra payments save.
Good to know
- Results are estimates for planning, not financial advice.
- Assumes a fixed rate and no new borrowing.
Privacy
Runs entirely in your browser. Nothing you enter or open here is uploaded.