LoanMath

Early Loan Payoff Calculator

Shorten any loan with extra payments.

Your figures stay on your computer — no server, no tracking, no registration
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Try: Current balance=12000, APR=6.5, Months remaining=48, Extra / month=100 → $12,000, $285, $100, $385, 35, $479

How to use

Works for any amortizing loan: add a monthly extra and see the new term and total interest saved.

Formula

Re-amortize with payment = PMT + extra.

FAQ

Good for mortgages too?

Yes, though this tool is generic; extra mortgage payments save large interest.

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