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Calculators Menu

Loan Payoff Calculator

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.



Financial Calculators from
Dinkytown.net

Financial Calculators ©1998-2025 KJE Computer Solutions, Inc.









*indicates required.

Loan Payoff Inputs:


Total savings $0.00

Number of months remaining

Total number of months remaining on your original loan.

1
121
240
360

Loan term (months)

Total length, or term, of your original loan in months.

1
121
240
360

Loan amount:

The original amount financed with your loan, not to be confused with the remaining balance or principal balance.

$0k
$5k
$25k
$100k

Additional monthly payment

Your proposed extra payment per month. This payment will be used to reduce your principal balance.

$0
$1k
$5k
$10k

Annual interest rate

Annual interest rate. Maximum interest rate is 20%.

0%
3%
6%
10%
Current payment:

Current payment

Monthly principal and interest payment based on your original loan amount, term and interest rate.

Report amortization:
Report amortization
**FIG_GRAPHTITLE** Line Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Loan Balance and Interest


Definitions

Annual interest rate

Annual interest rate. Maximum interest rate is 20%.

Number of months remaining

Total number of months remaining on your original loan.

Loan term (months)

Total length, or term, of your original loan in months.

Loan amount:

The original amount financed with your loan, not to be confused with the remaining balance or principal balance.

Additional monthly payment

Your proposed extra payment per month. This payment will be used to reduce your principal balance.

Current payment

Monthly principal and interest payment based on your original loan amount, term and interest rate.

Monthly prepayment amount

Scheduled payment plus additional monthly payment.

Total savings

Total amount you would save in interest if you made the accelerated payment until your loan was paid in full.

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316 Benton Avenue, Winslow
245 Madison Avenue, Skowhegan
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