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Calculator

Loan payoff calculator

Personal loan, auto loan, or a lingering card balance — see the payoff date, the total interest, and what an extra monthly payment actually buys.

Interactive · computes locally

Loan payoff calculator

Any fixed-rate balance — personal, auto, or a lingering credit card. See what an extra monthly payment actually buys you.

$12,000
11%
$300
$50
Time to payoff
4 yr 3 mo
at $300/mo · $3,017 total interest
With $50 extra/mo3 yr 6 mo
Interest with extra$2,472
What the extra payment buys
Paid off 9 mo sooner and $545 less interest.

Estimate only — assumes a fixed rate and no fees. Computed in your browser; nothing is stored or submitted.

How this estimate works

The simulation amortizes month by month at a fixed APR: each month accrues interest on the remaining balance, then applies your payment (plus any extra). It assumes no fees and no rate changes. If the payment doesn’t cover the monthly interest, the balance never falls — the calculator will tell you.

Everything computes in your browser — nothing you enter is stored or submitted. Estimate only. Comparing consolidation options? Read best personal loans in Alaska.