Loan Payment Calculator
Loan Early Payoff Calculator
Existing Loan Payoff
Calculator
BizCalcs.com
Title
Lender
Loan Balance
Interest Rate %
Monthly Payment
Additional Principal
New Monthly Payment
Early Payoff Without
Early Payoff		 Savings
Payoff Time
Total Interest
Total Paid
Remaining Payments
Annual Cost
All calculators are made available as self-help tools for your independent use with results based on information provided by the user. All examples are hypothetical and are for illustrative purposes only. Calculated results are believed to be accurate but results are not guaranteed. Loan calculators are not intended to provide financial advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. Users are advised to seek personalized advice from qualified professionals regarding all personal finance issues.
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A title for these calculator results that will help you identify it if you have printed out several versions of the calculator.
The name of your potential lender. This field is not required but may help if you have printed out several loan scenarios.
The amount you owe on your mortgage or loan.
The annual percentage rate you are paying for this loan.
The principal and interest portion of each monthly payment. This may not be the amount you write a check for each month. Depending on the type of loan, your actual payment may include other amounts for escrow, private mortgage insurance (PMI), fees, or property taxes.
The additional amount you will pay each month (over the required 'Monthly Payment' amount) to pay down the principal on your loan.
If you pay additional principal each month your loan or mortgage will be paid earlier than scheduled and you will pay less in interest charges.
The payoff time and interest charges if you pay no additional principal each month.
'Early Payoff' compared to 'Without Early Payoff' saves you this much time and money.
Amount of time until the loan is paid off.
The required 'Monthly Payment' plus any 'Additional Principal' you want to pay each month. The 'Early Payoff' calculations assume you will pay this amount of principal and interest each month from now on until the loan or morgage is paid. Actual payment could include other amounts such as escrow for insurance and property taxes, private mortgage insurance (PMI), fees, and dues.
The remaining total amount of interest you will pay over 'Payoff Time'.
The remaining total amount of principal + interest you will pay over 'Payoff Time'.
The number of payments you will make to pay off the loan.
The amount of money you will pay each year for this loan.
When checked, a section will appear below the calculator showing the complete amortization table.