EarlyPayoff: Loan Calculator

Early Payoff shows how much interest you could save and how much sooner you could be debt-free by paying extra on a mortgage, car loan, or other loan.

• Enter your balance, interest rate, and regular monthly payment
• Add an extra monthly payment, a yearly extra in the month you choose, a one-time lump sum, or any mix
• Let your extra payments grow by a set percentage every year to match raises and bonuses
• Compare bi-weekly payments (26 half-payments a year) with the regular schedule
• See the regular, monthly-extra, lump-sum, and combined plans side by side in one table
• Follow your balance on a chart against the regular schedule
• Browse the full amortization table by year or by month: payment, interest, principal, and balance
• See interest saved, time saved, total paid, and your debt-free month
• Try presets such as an annual bonus or a small monthly boost on a car loan
• Save named plans with notes, reload them later, and share a summary

Every result comes from a full month-by-month payoff schedule. Bi-weekly savings assume each half-payment is applied the day your lender receives it. Estimates are for illustration; your lender's figures may differ.

Recent changes:
Performance improvements and bug fixes