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Loan Payoff Calculator

FREE

See how extra payments can save you thousands in interest and years of payments

Debt Management

Inputs

Enter your information

How It Works

1Enter your loan balance, interest rate, and minimum payment
2Add any extra monthly payments you can afford
3Optionally add a one-time lump sum payment
4See exactly how much time and interest you'll save
5Compare payoff timeline with and without extra payments

Assumptions

•Interest accrues monthly on the outstanding balance
•All payments are made on time every month
•No additional fees or penalties
•Extra payments are applied directly to principal

⚡Pro Features

✓Upload loan statement - AI extracts balance, rate, and payment
✓Ask AI Copilot: "Should I pay off student loans or invest?"
✓Compare multiple debt payoff strategies (avalanche vs snowball)
+3 more

Results

Fill in the inputs to see your results

Enter your data to calculate

How This Calculator Works

1Enter your loan balance, interest rate, and minimum payment
2Add any extra monthly payments you can afford
3Optionally add a one-time lump sum payment
4See exactly how much time and interest you'll save
5Compare payoff timeline with and without extra payments

⚡Unlock Pro Features

✓Upload loan statement - AI extracts balance, rate, and payment
✓Ask AI Copilot: "Should I pay off student loans or invest?"
✓Compare multiple debt payoff strategies (avalanche vs snowball)
✓Model different interest rate scenarios
✓Calculate impact of refinancing at lower rates
✓Export customized payoff plan for budgeting apps

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