Loan Payoff Calculator
Estimate payoff time, total interest, and the impact of extra payments.
Note: This is an estimate. Real loans may include fees, different compounding rules, or changing rates.
How the Loan Payoff Calculator Works
This loan payoff calculator estimates how long it will take to pay off a loan based on your balance, interest rate, and monthly payment.
It also shows how much interest you may pay over the life of the loan and how making extra monthly payments can significantly reduce both payoff time and total interest.
This calculator is especially useful for:
- Auto loans
- Personal loans
- Student loans
- Any fixed-rate loan
Results are estimates. Actual loan terms, compounding methods, or fees may affect real outcomes.