Finance Tools
Prepayment Penalty Calculator
Calculate a loan prepayment penalty (early payoff fee) using either a percentage of the remaining balance or a fixed fee to estimate your total penalty cost.
This is an estimate. Actual prepayment penalties depend on your lender’s policy and loan terms.
Estimated Prepayment Penalty: $4000.00
How to use this prepayment penalty calculator
- Enter your remaining loan balance.
- Choose how your penalty is calculated (percent of balance or fixed fee).
- Enter the penalty rate (%) or fixed penalty amount.
- Click Calculate to estimate your prepayment penalty.
Example
If your remaining balance is $200,000 and the penalty is 2% of the balance:
- Remaining balance: $200,000
- Penalty rate: 2%
- Prepayment penalty: $4,000
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