Loan Payoff Calculator

Estimate the payment, interest, and timeline for a fixed-rate loan.

Loan balance ($)

Annual interest rate (%)

Term (years)

Estimated monthly payment

Total interest$0

Total paid$0

Number of payments0

How the estimate works

This calculator uses the standard fixed-payment loan formula. It assumes one payment each month, a constant annual rate, and no fees, penalties, taxes, or extra payments. Your lender's amortization schedule can differ when those costs apply.

FAQ

Can I use this for an auto loan?: Yes. Enter the current balance, annual percentage rate, and remaining term. Check your contract for origination fees or payment schedules that are not represented here.
How do extra payments change the result?: Extra principal usually reduces interest and shortens the payoff period. This version shows the scheduled payment only, so compare it with your lender's payoff quote.