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FREE CALCULATOR
Loan Payoff Calculator
Estimate how an extra monthly payment can shorten a loan.
About this calculator
This tool compares an amortizing loan at the regular payment with the same loan plus an extra monthly amount. It assumes no prepayment penalty.
How to use it
Enter your information in the fields above. Results update automatically as you change the values, making it easy to compare different scenarios.
Important: This calculator provides estimates for planning and educational purposes. Actual rates, fees, taxes and results can vary. It is not financial, tax, legal or investment advice.