Loan Payoff Calculator

Take control of your loans and discover how extra payments could help you pay them off sooner.

Loan Payoff Calculator helps you estimate monthly payments, compare payoff strategies, understand interest costs and track the progress of multiple loans. Use it for mortgages, car loans, personal loans and other installment loans.

Calculate your loan

Enter your outstanding balance, interest rate and remaining term in years and months. You can use an annual or monthly interest rate and optionally add a second rate period for loans whose interest changes over time.

Explore extra-payment strategies

Compare your original repayment plan with different payoff strategies:

• Add a recurring monthly extra payment
• Include a one-time lump-sum payment
• Enter your regular monthly payment
• See how much interest you could save
• Estimate how much earlier you could finish your loan
• Compare balances over time

Understand every payment

View a complete amortization schedule with a detailed breakdown of:

• Total payment
• Principal paid
• Interest charged
• Extra payment
• Remaining balance
• Estimated payment date

Track multiple loans

Save mortgages, car loans, personal loans and other debts in one place. Choose an icon for each loan, record completed payments and monitor the estimated remaining balance and payoff date.

Stay in control of your progress

• Record regular and additional payments
• Adjust payment dates
• View progress for every saved loan
• Undo the most recent payment if you make a mistake
• Review the original and accelerated payment schedules

Private by design

Your loan amounts, interest rates, payment records and saved loan details remain stored locally on your device. No account is required.

Loan Payoff Calculator is designed for planning and educational purposes. Results are estimates and may differ from your lender’s calculations because of fees, rounding methods, interest conventions or repayment conditions. Always confirm exact figures and prepayment terms with your lender.