Personal Loan Early Payoff Calculator
Explore how extra monthly payments and/or a lump sum can accelerate your loan payoff and save interest.
Enter Your Loan & Payoff Strategy
Lump sum applied after this many regular payments.
Early Payoff Comparison
Original Loan (No Extras)
Scheduled Monthly Payment:
Total Interest Paid:
Total Paid:
Original Payoff Time:
Loan With Early Payoff Strategy
Base Monthly Payment:
Extra Monthly Payment:
Lump Sum Payment:
Total Interest Paid:
Total Paid (Principal + Interest):
New Payoff Time:
Final Payment Amount:
Your Estimated Savings!
Total Interest Saved:
Paid Off Sooner By:
Note: This calculator provides an estimate of interest savings and earlier payoff from making extra payments. Actual results may vary due to your lender's specific calculation methods and policies for applying extra payments (e.g., to principal immediately or to future payments, and how lump sums are handled). This is not financial advice. Always consult your lender or a financial advisor for precise details regarding your loan and early payoff strategies.