Early Loan Payoff Calculator

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Use early loan payoff calculator to calculate how much you can save by increasing your monthly loan payments to reduce principal balance.

Early Mortgage Payoff Calculator

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

Original Payment vs. Early Loan Payoff

Original Early Payoff
Monthly Payment
$438.43
$590.55
Expected Payoff Time
33 months
24 months
Total Interest
$1,422.73 $1,029.84
Total Principal
$13,000.00 $13,000.00
Total Payment
$14,422.73 $14,029.84
Total Interest Savings
$0 $392.89
Payoff Date
Mar, 2027 Jun, 2026

Early Loan Payoff Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Jul, 2024 1 $81.25 $509.30 $590.55 $12,490.70
Aug, 2024 2 $78.07 $512.48 $590.55 $11,978.22
Sep, 2024 3 $74.86 $515.69 $590.55 $11,462.53
Oct, 2024 4 $71.64 $518.91 $590.55 $10,943.62
Nov, 2024 5 $68.40 $522.15 $590.55 $10,421.47
Dec, 2024 6 $65.13 $525.42 $590.55 $9,896.05
Jan, 2025 7 $61.85 $528.70 $590.55 $9,367.35
Feb, 2025 8 $58.55 $532.00 $590.55 $8,835.35
Mar, 2025 9 $55.22 $535.33 $590.55 $8,300.02
Apr, 2025 10 $51.88 $538.67 $590.55 $7,761.35
May, 2025 11 $48.51 $542.04 $590.55 $7,219.30
Jun, 2025 12 $45.12 $545.43 $590.55 $6,673.87
Jul, 2025 13 $41.71 $548.84 $590.55 $6,125.04
Aug, 2025 14 $38.28 $552.27 $590.55 $5,572.77
Sep, 2025 15 $34.83 $555.72 $590.55 $5,017.05
Oct, 2025 16 $31.36 $559.19 $590.55 $4,457.85
Nov, 2025 17 $27.86 $562.69 $590.55 $3,895.17
Dec, 2025 18 $24.34 $566.21 $590.55 $3,328.96
Jan, 2026 19 $20.81 $569.74 $590.55 $2,759.22
Feb, 2026 20 $17.25 $573.30 $590.55 $2,185.91
Mar, 2026 21 $13.66 $576.89 $590.55 $1,609.02
Apr, 2026 22 $10.06 $580.49 $590.55 $1,028.53
May, 2026 23 $6.43 $584.12 $590.55 $444.41
Jun, 2026 24 $2.78 $444.41 $447.19 $0.00

You can use the early loan payoff calculator to calculate the savings for any type of loan or mortgage. Learn how much you can save on interest payments with personal loans, credit card bills, or home mortgages.

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