Loan Payoff Calculator: Determine Payment Time

Loan Payoff Calculator

How long will it take to pay off my loan?

How many months will it take to pay off my loan?

Get Started

Loan balance

This is the total amount that remains to be paid on your loan.

$

Enter in a dollar amount

What is your APR?

Please enter the annual percentage rate of your loan.

%

Enter a valid APR.

Please select the path that best fits your goal.

I know when I want to be debt free. I know how much I can afford per month.

How much time?

In what amount of time would you like to pay off this loan?

Years

Months

Please enter a length of time

Please enter the amount that you are able to comfortably pay per month.

Minimum ${#} required.

Monthly Payment

Minimum ${#} required.

Adjust time until payoff

Timeframe

Years

Months

Must be 0 to 11 months and 0 to 99 years, totaling at least 1 month

Adjust monthly payment

Annual Percentage Rate (APR)

Enter a valid APR

Balance

Enter a dollar amount

Loan Payoff Breakdown

Monthly Payment

Time Until Payoff

Years

Months

Total Principal

Total Interest

Total

Monthly payment too low

Your monthly payments are not enough to cover your monthly accrued interest. Try increasing the payments to cover your monthly interest charge.

Learn more about how to manage debt

When using the calculator, please remember the dollar amounts displayed aren't guaranteed, and what you actually pay may be different. The estimates you receive are for illustrative and educational purposes only. The results of any loan calculator are not intended to be and should not be considered a decision of, or a commitment to the loan type or amount for which you may qualify.

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Loan Payoff Calculator