Loan Payoff Calculator

See your payment, amortization schedule, true housing cost, and how much time and interest you could save by paying extra.

Put a number on your choices.

Loan details

Loan balance

Interest rate annual %

Years remaining

Extra payment each month

Include taxes & housing costs Optional: property tax, insurance, PMI, HOA

Property taxes annual $

Homeowners insurance annual $

HOA monthly $

PMI monthly $

Target payoff goal Find the payment needed to be debt-free sooner

Pay off in

This is an educational calculator. It does not account for lender-specific rules, escrow changes, tax deductions, prepayment penalties, or investment returns.

Estimated monthly payment

Monthly loan payment before optional housing costs

Payoff time—

Interest paid—

Interest saved—

Time saved—

Monthly payment breakdown

Principal & interest$0

Property tax$0

Insurance$0

PMI$0

HOA$0

Total monthly outflow$0

After the loan is paid off

Loan payment eliminated$0

Ongoing housing costs$0

Monthly cash-flow improvement$0

What would different extra payments do?

Decision ladder

What this means

Economics insight

Amortization schedule

Payment	Total payment	Principal	Interest	Extra	Remaining balance	Cumulative interest