Student Loan Payoff Calculator

Student Loan Payoff Calculator to calculate how much you can save in interest payments when you payoff your student loan early. Calculate student loan payoff by making extra payments each month or set a desire payoff year.

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

Original vs. Early Payoff
		Original		Early Payoff
Monthly Payment		$1,238.43		$1,538.43
Expected Payoff Time		45 months		36 months
Total Interest		$5,137.12		$4,050.58
Total Principal		$50,000.00		$50,000.00
Total Payment		$55,137.12		$54,050.58
Total Interest Savings		$0		$1,086.53
Payoff Date		Jul, 2028		Oct, 2027

Early Payoff Amortization Schedule
Payment Date	Payment #	Interest Paid	Principal Paid	Total Payment	Remaining Balance
Nov, 2024	1	$218.75	$1,319.68	$1,538.43	$48,680.32
Dec, 2024	2	$212.98	$1,325.45	$1,538.43	$47,354.87
Jan, 2025	3	$207.18	$1,331.25	$1,538.43	$46,023.61
Feb, 2025	4	$201.35	$1,337.08	$1,538.43	$44,686.54
Mar, 2025	5	$195.50	$1,342.93	$1,538.43	$43,343.61
Apr, 2025	6	$189.63	$1,348.80	$1,538.43	$41,994.81
May, 2025	7	$183.73	$1,354.70	$1,538.43	$40,640.11
Jun, 2025	8	$177.80	$1,360.63	$1,538.43	$39,279.48
Jul, 2025	9	$171.85	$1,366.58	$1,538.43	$37,912.89
Aug, 2025	10	$165.87	$1,372.56	$1,538.43	$36,540.33
Sep, 2025	11	$159.86	$1,378.57	$1,538.43	$35,161.77
Oct, 2025	12	$153.83	$1,384.60	$1,538.43	$33,777.17
Nov, 2025	13	$147.78	$1,390.65	$1,538.43	$32,386.52
Dec, 2025	14	$141.69	$1,396.74	$1,538.43	$30,989.78
Jan, 2026	15	$135.58	$1,402.85	$1,538.43	$29,586.93
Feb, 2026	16	$129.44	$1,408.99	$1,538.43	$28,177.94
Mar, 2026	17	$123.28	$1,415.15	$1,538.43	$26,762.79
Apr, 2026	18	$117.09	$1,421.34	$1,538.43	$25,341.45
May, 2026	19	$110.87	$1,427.56	$1,538.43	$23,913.88
Jun, 2026	20	$104.62	$1,433.81	$1,538.43	$22,480.08
Jul, 2026	21	$98.35	$1,440.08	$1,538.43	$21,040.00
Aug, 2026	22	$92.05	$1,446.38	$1,538.43	$19,593.62
Sep, 2026	23	$85.72	$1,452.71	$1,538.43	$18,140.91
Oct, 2026	24	$79.37	$1,459.06	$1,538.43	$16,681.85
Nov, 2026	25	$72.98	$1,465.45	$1,538.43	$15,216.40
Dec, 2026	26	$66.57	$1,471.86	$1,538.43	$13,744.54
Jan, 2027	27	$60.13	$1,478.30	$1,538.43	$12,266.24
Feb, 2027	28	$53.66	$1,484.77	$1,538.43	$10,781.48
Mar, 2027	29	$47.17	$1,491.26	$1,538.43	$9,290.22
Apr, 2027	30	$40.64	$1,497.79	$1,538.43	$7,792.43
May, 2027	31	$34.09	$1,504.34	$1,538.43	$6,288.09
Jun, 2027	32	$27.51	$1,510.92	$1,538.43	$4,777.17
Jul, 2027	33	$20.90	$1,517.53	$1,538.43	$3,259.64
Aug, 2027	34	$14.26	$1,524.17	$1,538.43	$1,735.48
Sep, 2027	35	$7.59	$1,530.84	$1,538.43	$204.64
Oct, 2027	36	$0.90	$204.64	$205.53	$0.00

Student Loan Calculator

Today's Home Equity Rates




Nov 21, 2024 Mortgage Rates



Boat Loan Calculator
Biweekly Loan Calculator
Extra Payment Loan Calculator
Reverse Loan Calculator
Balloon Loan Calculator
Refinance Calculator
Recasting Calculator
Home Equity Loan Calculator
Simple Loan Calculator
USDA Loan Calculator
VA Loan Calculator
FHA Loan Calculator
Interest Only Loan Calculator
Loan Payoff Calculator
Car Loan Calculator
Personal Loan Calculator
Loan Calculator Excel
RV Loan Calculator

Business Loan Calculator
HELOC Loan Calculator
Land Loan Calculator
Commercial Loan Calculator
Construction Loan Calculator
Student Loan Calculator
Loan Amortization Calculator
Auto Loan Calculator
Home Loan Calculator
Loan Payment Calculator
Loan Comparison Calculator
Loan Interest Calculator
Loan Balance Calculator
Credit Card Calculator
Mortgage Loan Calculator
Bridge Loan Calculator
Piggyback Loan Calculator
Line of Credit Loan Calculator
PMI Calculator
APR Calculator
APY Calculator

Today's Home Equity Rates
Check Today's Mortgage Rates