Payoff Calculator
A payoff calculator that will answer two questions simply and easily.
One, how much is my payment given the loan balance, interest rate and term (number of months)?
Two, how many months will it take me to pay off my loan given the loan balance, interest rate and monthly payment?
By entering your balance due, the interest rate you are paying, and either the number of months you want to pay, or the amount you want to pay each month, the remaining information is instantly calculated.
As a bonus, the calculator displays the amount of interest you paid over the life of the loan. Hint, the faster you pay off your loan the smaller this figure will be - always a good thing.
Whether you are using a small phone or a large tablet the application scales beautifully. It contains an always available key pad with large keys making entering data quick and easy as well as providing simple and swift navigation between fields.
Use the calculator to quickly determine how best to payoff credit card debt, car loans, bank loans, house mortgages, furniture loans or other loans.
One, how much is my payment given the loan balance, interest rate and term (number of months)?
Two, how many months will it take me to pay off my loan given the loan balance, interest rate and monthly payment?
By entering your balance due, the interest rate you are paying, and either the number of months you want to pay, or the amount you want to pay each month, the remaining information is instantly calculated.
As a bonus, the calculator displays the amount of interest you paid over the life of the loan. Hint, the faster you pay off your loan the smaller this figure will be - always a good thing.
Whether you are using a small phone or a large tablet the application scales beautifully. It contains an always available key pad with large keys making entering data quick and easy as well as providing simple and swift navigation between fields.
Use the calculator to quickly determine how best to payoff credit card debt, car loans, bank loans, house mortgages, furniture loans or other loans.
Category : Finance
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Reviews (8)
Win. G.
Mar 11, 2021
Easy-to-use, and straightforward.
Joh. M.
Dec 26, 2020
Easy, simple, direct answer.
Ant.
Jun 25, 2021
Not really useful for my needs.
fra. r.
Feb 18, 2022
That's what I need
San. C.
Oct 31, 2014
Simple, easy, and tells me what I need to know without extraneous fluff!
Mar. T.
Nov 1, 2014
Wanted something simple to tell me how I can quickly pay off my mortgage
Liz. M.
Oct 29, 2014
Especially with student loans
Needed a calculator to show total interest paid that didn't require months but allowed to use payment amounts. Also, this calculator doesn't try to keep track of your payments or require banking information.