Finance Tools
Loan Payoff Time Calculator
Estimate how long it will take to pay off a loan based on the remaining balance, annual interest rate, and monthly payment.
Estimate how long it will take to pay off a loan based on your remaining balance, interest rate, and monthly payment.
How to use this loan payoff time calculator
- Enter your remaining loan balance.
- Enter the annual interest rate (APR).
- Enter your monthly payment amount.
- Click Calculate to see how many months it will take to pay off the loan and how much interest you will pay.
Example
For example, if you owe $12,000 at 7% interest and pay $300 per month, this calculator will show:
- How many months it will take to pay off the loan.
- How much total interest you will pay from now until payoff.
- Whether your monthly payment is high enough to ever pay off the loan.
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