Auto Loan Early Payoff Calculator


Auto Loan Early Payoff Calculator to calculate the savings of paying off your car loan. The car loan payoff calculator gives you two options to calculate payoff, increasing monthly payment or set a payoff year.

Car Loan Payoff Calculator

Car Loan Balance
$
Interest Rate
Current Monthly Payment
$
Extra Monthly Payment
$
OR
Desired Payoff Years
years

Original vs. Early Payoff

Original Early Payoff
Monthly Payment
$315.43
$415.43
Expected Payoff Time
54 months
40 months
Total Interest
$1,751.95 $1,290.04
Total Principal
$15,000.00 $15,000.00
Total Payment
$16,751.95 $16,290.04
Total Interest Savings
$0 $461.92
Payoff Date
Oct, 2028 Aug, 2027


Early Payoff Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
May, 2024 1 $62.50 $352.93 $415.43 $14,647.07
Jun, 2024 2 $61.03 $354.40 $415.43 $14,292.67
Jul, 2024 3 $59.55 $355.88 $415.43 $13,936.79
Aug, 2024 4 $58.07 $357.36 $415.43 $13,579.43
Sep, 2024 5 $56.58 $358.85 $415.43 $13,220.58
Oct, 2024 6 $55.09 $360.34 $415.43 $12,860.24
Nov, 2024 7 $53.58 $361.85 $415.43 $12,498.39
Dec, 2024 8 $52.08 $363.35 $415.43 $12,135.04
Jan, 2025 9 $50.56 $364.87 $415.43 $11,770.17
Feb, 2025 10 $49.04 $366.39 $415.43 $11,403.78
Mar, 2025 11 $47.52 $367.91 $415.43 $11,035.87
Apr, 2025 12 $45.98 $369.45 $415.43 $10,666.42
May, 2025 13 $44.44 $370.99 $415.43 $10,295.44
Jun, 2025 14 $42.90 $372.53 $415.43 $9,922.90
Jul, 2025 15 $41.35 $374.08 $415.43 $9,548.82
Aug, 2025 16 $39.79 $375.64 $415.43 $9,173.18
Sep, 2025 17 $38.22 $377.21 $415.43 $8,795.97
Oct, 2025 18 $36.65 $378.78 $415.43 $8,417.19
Nov, 2025 19 $35.07 $380.36 $415.43 $8,036.83
Dec, 2025 20 $33.49 $381.94 $415.43 $7,654.89
Jan, 2026 21 $31.90 $383.53 $415.43 $7,271.35
Feb, 2026 22 $30.30 $385.13 $415.43 $6,886.22
Mar, 2026 23 $28.69 $386.74 $415.43 $6,499.48
Apr, 2026 24 $27.08 $388.35 $415.43 $6,111.13
May, 2026 25 $25.46 $389.97 $415.43 $5,721.17
Jun, 2026 26 $23.84 $391.59 $415.43 $5,329.57
Jul, 2026 27 $22.21 $393.22 $415.43 $4,936.35
Aug, 2026 28 $20.57 $394.86 $415.43 $4,541.49
Sep, 2026 29 $18.92 $396.51 $415.43 $4,144.98
Oct, 2026 30 $17.27 $398.16 $415.43 $3,746.82
Nov, 2026 31 $15.61 $399.82 $415.43 $3,347.00
Dec, 2026 32 $13.95 $401.48 $415.43 $2,945.52
Jan, 2027 33 $12.27 $403.16 $415.43 $2,542.36
Feb, 2027 34 $10.59 $404.84 $415.43 $2,137.53
Mar, 2027 35 $8.91 $406.52 $415.43 $1,731.00
Apr, 2027 36 $7.21 $408.22 $415.43 $1,322.79
May, 2027 37 $5.51 $409.92 $415.43 $912.87
Jun, 2027 38 $3.80 $411.63 $415.43 $501.24
Jul, 2027 39 $2.09 $413.34 $415.43 $87.90
Aug, 2027 40 $0.37 $87.90 $88.27 $0.00


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