Loan Payoff Calculator

Loan Payoff Calculator to learn how much you can save in interest payments when you payoff your loan early. You can make extra payments each month or set a desire payoff year.

Early Loan Payoff Calculator
Mortgage Balance	$
Interest Rate
Current Monthly Payment	$
Extra Monthly Payment	$
	OR
Desired Payoff Years	years

Original vs. Early Payoff
		Original		Early Payoff
Monthly Payment		$1,138.43		$1,488.43
Expected Payoff Time		183 months		127 months
Total Interest		$57,253.91		$38,760.32
Total Principal		$150,000.00		$150,000.00
Total Payment		$207,253.91		$188,760.32
Total Interest Savings		$0		$18,493.59
Payoff Date		Oct, 2037		Feb, 2033

Early Payoff Amortization Schedule
Payment Date	Payment #	Interest Paid	Principal Paid	Total Payment	Remaining Balance
Aug, 2022	1	$562.50	$925.93	$1,488.43	$149,074.07
Sep, 2022	2	$559.03	$929.40	$1,488.43	$148,144.67
Oct, 2022	3	$555.54	$932.89	$1,488.43	$147,211.78
Nov, 2022	4	$552.04	$936.39	$1,488.43	$146,275.39
Dec, 2022	5	$548.53	$939.90	$1,488.43	$145,335.50
Jan, 2023	6	$545.01	$943.42	$1,488.43	$144,392.08
Feb, 2023	7	$541.47	$946.96	$1,488.43	$143,445.12
Mar, 2023	8	$537.92	$950.51	$1,488.43	$142,494.60
Apr, 2023	9	$534.35	$954.08	$1,488.43	$141,540.53
May, 2023	10	$530.78	$957.65	$1,488.43	$140,582.88
Jun, 2023	11	$527.19	$961.24	$1,488.43	$139,621.63
Jul, 2023	12	$523.58	$964.85	$1,488.43	$138,656.78
Aug, 2023	13	$519.96	$968.47	$1,488.43	$137,688.32
Sep, 2023	14	$516.33	$972.10	$1,488.43	$136,716.22
Oct, 2023	15	$512.69	$975.74	$1,488.43	$135,740.47
Nov, 2023	16	$509.03	$979.40	$1,488.43	$134,761.07
Dec, 2023	17	$505.35	$983.08	$1,488.43	$133,777.99
Jan, 2024	18	$501.67	$986.76	$1,488.43	$132,791.23
Feb, 2024	19	$497.97	$990.46	$1,488.43	$131,800.77
Mar, 2024	20	$494.25	$994.18	$1,488.43	$130,806.59
Apr, 2024	21	$490.52	$997.91	$1,488.43	$129,808.69
May, 2024	22	$486.78	$1,001.65	$1,488.43	$128,807.04
Jun, 2024	23	$483.03	$1,005.40	$1,488.43	$127,801.64
Jul, 2024	24	$479.26	$1,009.17	$1,488.43	$126,792.46
Aug, 2024	25	$475.47	$1,012.96	$1,488.43	$125,779.50
Sep, 2024	26	$471.67	$1,016.76	$1,488.43	$124,762.75
Oct, 2024	27	$467.86	$1,020.57	$1,488.43	$123,742.18
Nov, 2024	28	$464.03	$1,024.40	$1,488.43	$122,717.78
Dec, 2024	29	$460.19	$1,028.24	$1,488.43	$121,689.54
Jan, 2025	30	$456.34	$1,032.09	$1,488.43	$120,657.45
Feb, 2025	31	$452.47	$1,035.96	$1,488.43	$119,621.48
Mar, 2025	32	$448.58	$1,039.85	$1,488.43	$118,581.63
Apr, 2025	33	$444.68	$1,043.75	$1,488.43	$117,537.88
May, 2025	34	$440.77	$1,047.66	$1,488.43	$116,490.22
Jun, 2025	35	$436.84	$1,051.59	$1,488.43	$115,438.63
Jul, 2025	36	$432.89	$1,055.54	$1,488.43	$114,383.09
Aug, 2025	37	$428.94	$1,059.49	$1,488.43	$113,323.60
Sep, 2025	38	$424.96	$1,063.47	$1,488.43	$112,260.13
Oct, 2025	39	$420.98	$1,067.45	$1,488.43	$111,192.68
Nov, 2025	40	$416.97	$1,071.46	$1,488.43	$110,121.22
Dec, 2025	41	$412.95	$1,075.48	$1,488.43	$109,045.75
Jan, 2026	42	$408.92	$1,079.51	$1,488.43	$107,966.24
Feb, 2026	43	$404.87	$1,083.56	$1,488.43	$106,882.68
Mar, 2026	44	$400.81	$1,087.62	$1,488.43	$105,795.06
Apr, 2026	45	$396.73	$1,091.70	$1,488.43	$104,703.36
May, 2026	46	$392.64	$1,095.79	$1,488.43	$103,607.57
Jun, 2026	47	$388.53	$1,099.90	$1,488.43	$102,507.67
Jul, 2026	48	$384.40	$1,104.03	$1,488.43	$101,403.64
Aug, 2026	49	$380.26	$1,108.17	$1,488.43	$100,295.48
Sep, 2026	50	$376.11	$1,112.32	$1,488.43	$99,183.16
Oct, 2026	51	$371.94	$1,116.49	$1,488.43	$98,066.66
Nov, 2026	52	$367.75	$1,120.68	$1,488.43	$96,945.98
Dec, 2026	53	$363.55	$1,124.88	$1,488.43	$95,821.10
Jan, 2027	54	$359.33	$1,129.10	$1,488.43	$94,692.00
Feb, 2027	55	$355.09	$1,133.34	$1,488.43	$93,558.66
Mar, 2027	56	$350.84	$1,137.59	$1,488.43	$92,421.08
Apr, 2027	57	$346.58	$1,141.85	$1,488.43	$91,279.23
May, 2027	58	$342.30	$1,146.13	$1,488.43	$90,133.09
Jun, 2027	59	$338.00	$1,150.43	$1,488.43	$88,982.66
Jul, 2027	60	$333.68	$1,154.75	$1,488.43	$87,827.92
Aug, 2027	61	$329.35	$1,159.08	$1,488.43	$86,668.84
Sep, 2027	62	$325.01	$1,163.42	$1,488.43	$85,505.42
Oct, 2027	63	$320.65	$1,167.78	$1,488.43	$84,337.64
Nov, 2027	64	$316.27	$1,172.16	$1,488.43	$83,165.47
Dec, 2027	65	$311.87	$1,176.56	$1,488.43	$81,988.91
Jan, 2028	66	$307.46	$1,180.97	$1,488.43	$80,807.94
Feb, 2028	67	$303.03	$1,185.40	$1,488.43	$79,622.54
Mar, 2028	68	$298.58	$1,189.85	$1,488.43	$78,432.70
Apr, 2028	69	$294.12	$1,194.31	$1,488.43	$77,238.39
May, 2028	70	$289.64	$1,198.79	$1,488.43	$76,039.60
Jun, 2028	71	$285.15	$1,203.28	$1,488.43	$74,836.32
Jul, 2028	72	$280.64	$1,207.79	$1,488.43	$73,628.53
Aug, 2028	73	$276.11	$1,212.32	$1,488.43	$72,416.20
Sep, 2028	74	$271.56	$1,216.87	$1,488.43	$71,199.34
Oct, 2028	75	$267.00	$1,221.43	$1,488.43	$69,977.90
Nov, 2028	76	$262.42	$1,226.01	$1,488.43	$68,751.89
Dec, 2028	77	$257.82	$1,230.61	$1,488.43	$67,521.28
Jan, 2029	78	$253.20	$1,235.23	$1,488.43	$66,286.05
Feb, 2029	79	$248.57	$1,239.86	$1,488.43	$65,046.20
Mar, 2029	80	$243.92	$1,244.51	$1,488.43	$63,801.69
Apr, 2029	81	$239.26	$1,249.17	$1,488.43	$62,552.52
May, 2029	82	$234.57	$1,253.86	$1,488.43	$61,298.66
Jun, 2029	83	$229.87	$1,258.56	$1,488.43	$60,040.10
Jul, 2029	84	$225.15	$1,263.28	$1,488.43	$58,776.82
Aug, 2029	85	$220.41	$1,268.02	$1,488.43	$57,508.80
Sep, 2029	86	$215.66	$1,272.77	$1,488.43	$56,236.03
Oct, 2029	87	$210.89	$1,277.54	$1,488.43	$54,958.49
Nov, 2029	88	$206.09	$1,282.34	$1,488.43	$53,676.15
Dec, 2029	89	$201.29	$1,287.14	$1,488.43	$52,389.01
Jan, 2030	90	$196.46	$1,291.97	$1,488.43	$51,097.03
Feb, 2030	91	$191.61	$1,296.82	$1,488.43	$49,800.22
Mar, 2030	92	$186.75	$1,301.68	$1,488.43	$48,498.54
Apr, 2030	93	$181.87	$1,306.56	$1,488.43	$47,191.98
May, 2030	94	$176.97	$1,311.46	$1,488.43	$45,880.52
Jun, 2030	95	$172.05	$1,316.38	$1,488.43	$44,564.14
Jul, 2030	96	$167.12	$1,321.31	$1,488.43	$43,242.83
Aug, 2030	97	$162.16	$1,326.27	$1,488.43	$41,916.56
Sep, 2030	98	$157.19	$1,331.24	$1,488.43	$40,585.31
Oct, 2030	99	$152.19	$1,336.24	$1,488.43	$39,249.08
Nov, 2030	100	$147.18	$1,341.25	$1,488.43	$37,907.83
Dec, 2030	101	$142.15	$1,346.28	$1,488.43	$36,561.56
Jan, 2031	102	$137.11	$1,351.32	$1,488.43	$35,210.23
Feb, 2031	103	$132.04	$1,356.39	$1,488.43	$33,853.84
Mar, 2031	104	$126.95	$1,361.48	$1,488.43	$32,492.36
Apr, 2031	105	$121.85	$1,366.58	$1,488.43	$31,125.78
May, 2031	106	$116.72	$1,371.71	$1,488.43	$29,754.07
Jun, 2031	107	$111.58	$1,376.85	$1,488.43	$28,377.22
Jul, 2031	108	$106.41	$1,382.02	$1,488.43	$26,995.20
Aug, 2031	109	$101.23	$1,387.20	$1,488.43	$25,608.01
Sep, 2031	110	$96.03	$1,392.40	$1,488.43	$24,215.61
Oct, 2031	111	$90.81	$1,397.62	$1,488.43	$22,817.98
Nov, 2031	112	$85.57	$1,402.86	$1,488.43	$21,415.12
Dec, 2031	113	$80.31	$1,408.12	$1,488.43	$20,007.00
Jan, 2032	114	$75.03	$1,413.40	$1,488.43	$18,593.59
Feb, 2032	115	$69.73	$1,418.70	$1,488.43	$17,174.89
Mar, 2032	116	$64.41	$1,424.02	$1,488.43	$15,750.87
Apr, 2032	117	$59.07	$1,429.36	$1,488.43	$14,321.50
May, 2032	118	$53.71	$1,434.72	$1,488.43	$12,886.78
Jun, 2032	119	$48.33	$1,440.10	$1,488.43	$11,446.67
Jul, 2032	120	$42.93	$1,445.50	$1,488.43	$10,001.17
Aug, 2032	121	$37.50	$1,450.93	$1,488.43	$8,550.24
Sep, 2032	122	$32.06	$1,456.37	$1,488.43	$7,093.88
Oct, 2032	123	$26.60	$1,461.83	$1,488.43	$5,632.05
Nov, 2032	124	$21.12	$1,467.31	$1,488.43	$4,164.74
Dec, 2032	125	$15.62	$1,472.81	$1,488.43	$2,691.93
Jan, 2033	126	$10.09	$1,478.34	$1,488.43	$1,213.59
Feb, 2033	127	$4.55	$1,213.59	$1,218.14	$0.00

Boat Loan Calculator
Biweekly Loan Calculator
Extra Payment Loan Calculator
Reverse Loan Calculator
Balloon Loan Calculator
Refinance Calculator
Recasting Calculator
Home Equity Loan Calculator
USDA Loan Calculator
VA Loan Calculator
FHA Loan Calculator
Interest Only Loan Calculator
Loan Payoff Calculator
Loan Calculator Excel
Refinance Calculator
Amortization Calculator