Auto Loan Early Payoff Calculator

Auto Loan Early Payoff Calculator is used to calculate how much earlier you can payoff your loan and how much you can save on interest payment by making extra payments towards your regular payment. The car loan payoff calculator allows you to enter an amount for extra monthly payment and will show you an amortization schedule with your new monthly payment as well as interest and principal.

Car Loan Payoff Calculator

Principal Owe
$
Interest Rate
Current Monthly Payment
$
Extra Monthly Payment
$

Auto Loan Payoff Calculator Results

Additional Monthly Payment:
$200.00
New Monthly Payment:
$815.43
Payoff Date:
Sep, 2027
Total Interest Savings:
$971.42





Car Loan Payoff Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
May, 2024 1 $125.00 $690.43 $815.43 $29,309.57
Jun, 2024 2 $122.12 $693.31 $815.43 $28,616.26
Jul, 2024 3 $119.23 $696.20 $815.43 $27,920.07
Aug, 2024 4 $116.33 $699.10 $815.43 $27,220.97
Sep, 2024 5 $113.42 $702.01 $815.43 $26,518.96
Oct, 2024 6 $110.50 $704.93 $815.43 $25,814.03
Nov, 2024 7 $107.56 $707.87 $815.43 $25,106.16
Dec, 2024 8 $104.61 $710.82 $815.43 $24,395.34
Jan, 2025 9 $101.65 $713.78 $815.43 $23,681.55
Feb, 2025 10 $98.67 $716.76 $815.43 $22,964.80
Mar, 2025 11 $95.69 $719.74 $815.43 $22,245.05
Apr, 2025 12 $92.69 $722.74 $815.43 $21,522.31
May, 2025 13 $89.68 $725.75 $815.43 $20,796.56
Jun, 2025 14 $86.65 $728.78 $815.43 $20,067.78
Jul, 2025 15 $83.62 $731.81 $815.43 $19,335.96
Aug, 2025 16 $80.57 $734.86 $815.43 $18,601.10
Sep, 2025 17 $77.50 $737.93 $815.43 $17,863.18
Oct, 2025 18 $74.43 $741.00 $815.43 $17,122.18
Nov, 2025 19 $71.34 $744.09 $815.43 $16,378.09
Dec, 2025 20 $68.24 $747.19 $815.43 $15,630.90
Jan, 2026 21 $65.13 $750.30 $815.43 $14,880.60
Feb, 2026 22 $62.00 $753.43 $815.43 $14,127.17
Mar, 2026 23 $58.86 $756.57 $815.43 $13,370.60
Apr, 2026 24 $55.71 $759.72 $815.43 $12,610.88
May, 2026 25 $52.55 $762.88 $815.43 $11,848.00
Jun, 2026 26 $49.37 $766.06 $815.43 $11,081.94
Jul, 2026 27 $46.17 $769.26 $815.43 $10,312.68
Aug, 2026 28 $42.97 $772.46 $815.43 $9,540.22
Sep, 2026 29 $39.75 $775.68 $815.43 $8,764.54
Oct, 2026 30 $36.52 $778.91 $815.43 $7,985.63
Nov, 2026 31 $33.27 $782.16 $815.43 $7,203.47
Dec, 2026 32 $30.01 $785.42 $815.43 $6,418.06
Jan, 2027 33 $26.74 $788.69 $815.43 $5,629.37
Feb, 2027 34 $23.46 $791.97 $815.43 $4,837.40
Mar, 2027 35 $20.16 $795.27 $815.43 $4,042.12
Apr, 2027 36 $16.84 $798.59 $815.43 $3,243.53
May, 2027 37 $13.51 $801.92 $815.43 $2,441.62
Jun, 2027 38 $10.17 $805.26 $815.43 $1,636.36
Jul, 2027 39 $6.82 $808.61 $815.43 $827.75
Aug, 2027 40 $3.45 $811.98 $815.43 $15.77
Sep, 2027 41 $0.07 $815.36 $815.43 $0.00

Original vs. Auto Loan Early Payoff

Original Payoff
Monthly Payment $615.43 $815.43
Total Interest $3,604.46 $2,633.04
Total Principal $30,244.19 $30,799.59
Total Payment $33,848.65 $33,432.63
Total Interest Savings $0 $971.42
Total Savings $0 $416.02
Payoff Date Nov, 2028 Sep, 2027

Auto Loan Payoff Calculator

The auto loan payoff calculator gives you a comparison table that compares your original auto loan against early payoff. You will see exactly how much faster can you payoff your auto loan and how much you can save.

There are other options where you can payoff your auto loan faster such as biweekly and recurring extra payments. please use the advanced car loan calculator to check out these options.

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