What is a Loan Payoff Calculator?

A Loan Payoff Calculator helps you determine how long it will take to fully pay off your loan based on your current monthly payments and interest rate.

Why Use This Calculator?

• Estimate how long it will take to pay off your loan.
• Calculate total interest paid over the loan period.
• See how extra payments can reduce the payoff time.

How to Use the Loan Payoff Calculator?

Enter your loan amount, interest rate, and monthly payment. You can also enter an extra monthly payment amount to see how it affects your loan payoff time.