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Loan Early Payoff Calculator

Get a Loan Early Payoff Calculator branded for your website! Colorful, interactive, simply The Best Financial Calculators!
How much interest can you save by increasing your loan payment? This financial calculator helps you find out. View the report to see a complete amortization payment schedule, and how much you can save on your loan!

Loan Early Payoff Calculator 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.