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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
Sep, 2026 Dec, 2025


Early Payoff Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Jan, 2023 1 $218.75 $1,319.68 $1,538.43 $48,680.32
Feb, 2023 2 $212.98 $1,325.45 $1,538.43 $47,354.87
Mar, 2023 3 $207.18 $1,331.25 $1,538.43 $46,023.61
Apr, 2023 4 $201.35 $1,337.08 $1,538.43 $44,686.54
May, 2023 5 $195.50 $1,342.93 $1,538.43 $43,343.61
Jun, 2023 6 $189.63 $1,348.80 $1,538.43 $41,994.81
Jul, 2023 7 $183.73 $1,354.70 $1,538.43 $40,640.11
Aug, 2023 8 $177.80 $1,360.63 $1,538.43 $39,279.48
Sep, 2023 9 $171.85 $1,366.58 $1,538.43 $37,912.89
Oct, 2023 10 $165.87 $1,372.56 $1,538.43 $36,540.33
Nov, 2023 11 $159.86 $1,378.57 $1,538.43 $35,161.77
Dec, 2023 12 $153.83 $1,384.60 $1,538.43 $33,777.17
Jan, 2024 13 $147.78 $1,390.65 $1,538.43 $32,386.52
Feb, 2024 14 $141.69 $1,396.74 $1,538.43 $30,989.78
Mar, 2024 15 $135.58 $1,402.85 $1,538.43 $29,586.93
Apr, 2024 16 $129.44 $1,408.99 $1,538.43 $28,177.94
May, 2024 17 $123.28 $1,415.15 $1,538.43 $26,762.79
Jun, 2024 18 $117.09 $1,421.34 $1,538.43 $25,341.45
Jul, 2024 19 $110.87 $1,427.56 $1,538.43 $23,913.88
Aug, 2024 20 $104.62 $1,433.81 $1,538.43 $22,480.08
Sep, 2024 21 $98.35 $1,440.08 $1,538.43 $21,040.00
Oct, 2024 22 $92.05 $1,446.38 $1,538.43 $19,593.62
Nov, 2024 23 $85.72 $1,452.71 $1,538.43 $18,140.91
Dec, 2024 24 $79.37 $1,459.06 $1,538.43 $16,681.85
Jan, 2025 25 $72.98 $1,465.45 $1,538.43 $15,216.40
Feb, 2025 26 $66.57 $1,471.86 $1,538.43 $13,744.54
Mar, 2025 27 $60.13 $1,478.30 $1,538.43 $12,266.24
Apr, 2025 28 $53.66 $1,484.77 $1,538.43 $10,781.48
May, 2025 29 $47.17 $1,491.26 $1,538.43 $9,290.22
Jun, 2025 30 $40.64 $1,497.79 $1,538.43 $7,792.43
Jul, 2025 31 $34.09 $1,504.34 $1,538.43 $6,288.09
Aug, 2025 32 $27.51 $1,510.92 $1,538.43 $4,777.17
Sep, 2025 33 $20.90 $1,517.53 $1,538.43 $3,259.64
Oct, 2025 34 $14.26 $1,524.17 $1,538.43 $1,735.48
Nov, 2025 35 $7.59 $1,530.84 $1,538.43 $204.64
Dec, 2025 36 $0.90 $204.64 $205.53 $0.00


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