Use the current balance and payment rather than the original loan terms to estimate the remaining payoff path.
The sample values are calculated automatically. Enter your own information for a new estimate.
These calculators provide mathematical estimates for education and planning. Loan agreements, lender practices, fees, taxes, payment dates, and rounding can change actual results.
How the calculation works
This calculator starts with today’s balance instead of reconstructing the original loan. That makes it useful for evaluating a new extra-payment plan.
The current payment must be large enough to cover interest and reduce principal. Otherwise, the loan will not amortize.
The estimate assumes a fixed rate and consistent monthly payments until payoff.
Use the free online amortization calculator to view every payment, annual totals, charts, extra payments, rate changes, and balloon dates.
Open the free schedule calculatorAmortization Pro lets you edit individual payment rows, save and retrieve loans, export CSV files, and print complete reports. One-time price: $25.
Download Amortization ProNo. The calculator uses the current balance, rate, and payment to project forward.
Enter only the principal-and-interest portion. Taxes, insurance, and escrow do not reduce the loan balance.
Yes. Payment dates, daily interest, fees, rate changes, and rounding can change the official payoff amount.