 Loan Payment Calculator Loan Early Payoff Calculator    Title   Lender   Loan Balance Interest Rate % Monthly Payment Calculated Minimum Additional Principal       New Monthly Payment \$489.41 Early Payoff WithoutEarly Payoff Savings Payoff Time 3 Yrs 6 Mths 4 Yrs 2 Mths 8 Mths Total Interest \$3,242.77 \$3,885.71 \$642.94 Total Paid \$20,554.89 \$21,197.83       Remaining Payments 42 50 8 Annual Cost \$5,872.92 \$5,087.52 \$-785.40                Help Window
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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 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.
\$489.41 = \$423.96 + \$65.45
3 Yrs 6 Mths = (Previous Number of Monthly Payments + 1 each month until Balance = 0) / 12 [to convert to years and months]
\$3,242.77 = Previous Month's Total Interest + (Month's Beginning Balance * (Rate / 12)) each month until Balance = 0
Loan Balance + Total Interest
\$20,554.89 = \$17,312.12 + \$3,242.77
Total Paid / Payment Amount [rounded up to a full payment]
42 = \$20,554.89 / \$489.41
Monthly Payment * 12
\$5,872.92 = \$489.41 * 12
4 Yrs 2 Mths = (Previous Number of Monthly Payments + 1 each month until Balance = 0) / 12 [to convert to years and months]
\$3,885.71 = Previous Month's Total Interest + (Month's Beginning Balance * (Rate / 12)) each month until Balance = 0
Loan Balance + Total Interest
\$21,197.83 = \$17,312.12 + \$3,885.71
Total Paid / Payment Amount [rounded up to a full payment]
50 = \$21,197.83 / \$423.96
Monthly Payment * 12
\$5,087.52 = \$423.96 * 12
Without Early Payoff Time - Early Payoff Time
8 Mths = 4 Yrs 2 Mths - 3 Yrs 6 Mths
Without Early Total Interest - Early Total Interest
\$642.94 = \$3,885.71 - \$3,242.77
Without Early Total Paid - Early Total Paid
\$642.94 = \$21,197.83 - \$20,554.89
Without Early Remaining Payments - Early Remaining Payments
8 = 50 - 42
Without Early Annual Cost - Early Annual Cost
\$-785.40 = \$5,087.52 - \$5,872.92