Free payoff calculators
Find your payoff date, and how to reach it sooner.
Focused calculators for paying off your mortgage, car loan or other loans faster: extra payments, biweekly payments and dropping PMI. Every result comes with the math behind it, so you can check it yourself.
Calculators
Each one answers a single question well, explains how it works, and links to the others when they help.
Mortgage Payoff Calculator
How much sooner could I be done?
Add extra monthly, yearly or one-time payments and see your new payoff date, interest saved and full amortization schedule.
Example: $250 extra a month on a $350,000 loan at 7% saves $142,616. Open the calculator →Biweekly Mortgage Calculator
Is paying every two weeks worth it?
Compare biweekly and monthly payments, see what a paid program's fees really cost, and find the free way to get the same result.
Example: biweekly payments finish the same loan 6 years and 4 months sooner. Open the calculator →PMI Removal Calculator
When can I stop paying PMI?
Find the month you can ask to cancel PMI, when it has to end automatically, and how extra payments or a new appraisal speed it up.
Example: asking at 80% instead of waiting for 78% saves 14 months of PMI. Open the calculator →Loan Payoff Calculator
When will my car or personal loan be paid off?
Find the payoff date for a car, personal or student loan, see how extra payments move it, and work out the payment for any target date.
Example: $100 extra a month pays off a $25,000 car loan at 7% eleven months sooner. Open the calculator →How the numbers work
Money decisions deserve numbers you can check. Here is what goes into every result on this site.
Standard math, shown in full
Every calculator uses the same amortization method lenders use for fixed-rate loans, and each page explains its formula and assumptions in plain language.
Checked against the rules
PMI dates follow the federal Homeowners Protection Act as the Consumer Financial Protection Bureau explains it. Worked examples come straight from the calculators, and each page shows when it was last reviewed.
Your numbers stay with you
Calculations run in your browser. You never need an account, a name or an email address to use a calculator. The privacy policy has the details.
Questions people ask
Short answers here, with the full explanation on each calculator page.
- Does paying an extra $100 a month make a difference?
Yes. On a $350,000 loan at 7%, it saves about $71,000 and finishes 3 years and 8 months sooner.
- Is biweekly the same as paying twice a month?
No. Every two weeks gives you 13 full payments a year. Twice a month gives you 12.
- Is one large payment better than smaller monthly ones?
Timing matters most. Money paid earlier saves more because it stops interest sooner.
- Does PMI go away on its own?
On a conventional loan, yes: at 78% of the original value on schedule, or at the loan's midpoint.
- Are biweekly mortgage programs worth the fees?
Usually not. Adding one-twelfth of your payment each month gets nearly the same result for free.
- Can I remove PMI if my home's value went up?
Often, with a new appraisal, once the loan is old enough and the balance is low enough.
- How do I calculate my loan payoff date?
Start from your balance, rate and payment. Each month interest is added and your payment subtracted until the balance reaches zero.
- Why is my payoff amount higher than my balance?
It includes interest built up since your last payment, plus any unpaid fees. Ask your lender for a payoff quote.
