calculate-loan

Section 04

Payoff, extra payment and refinance calculators

What an extra payment, a lump sum or a biweekly plan does to the payoff date and the interest, and the monthly change and break-even point of a refinance.

Calculators in this section
24
Typical formula
n = −ln(1 − rP ÷ M) ÷ ln(1 + r)
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No. 04-0030Refinance Calculator: New Payment, Monthly Saving and Break-EvenMonthly saving$28.00Compare a loan with a refinance: new payment, monthly saving, months to recover the fees and the change in tot… No. 04-0029Extra Payments on a Loan Calculator: Months and Interest SavedMonths saved11 monthsWhat a fixed extra monthly payment does to a loan: months saved, the new payoff time and the interest saved. No. 04-0308Loan Amortization Calculator With Extra Principal PaymentsMonthly payment$405.53A loan amortization calculator with extra principal payments estimates how added payments change your payoff t…

Everything in Payoff, extra payments and refinance

PageWorks outExample result
Bi-Monthly Loan Payoff Calculator: See Your Payoff TimeEstimated payoff time (months)22 months
Biweekly Extra-Payment Loan Amortization CalculatorEstimated interest saved$1,300.00
Biweekly Loan Amortization Calculator With Extra PaymentsBiweekly payment including extra$202.76
Biweekly Payment Calculator: Payoff Time and Interest SavedYears to pay off with biweekly payments24.1 years
Extra Payment Loan Calculator and Amortization ScheduleMonthly payment$405.53
Extra Payments on a Loan Calculator: Months and Interest SavedMonths saved11 months
Interest-Only Loan Payoff Calculator and Balance GuideEstimated remaining balance$200,000.00
Loan Amortization Calculator With Extra PaymentsMonthly payment$405.53
Loan Amortization Calculator With Extra PrincipalMonthly payment$405.53
Loan Amortization Calculator With Extra Principal PaymentsMonthly payment$405.53
Loan Calculator Extra Monthly Payment: See the Payoff EffectScheduled monthly payment$405.53
Loan Calculator With Extra Monthly Principal PaymentsMonthly payment including extra$505.53
Loan Calculator With Extra Payments: See the Payoff ImpactMonthly payment$405.53
Loan Calculator With Extra Payments: See the Payoff ImpactMonthly payment$405.53
Loan Payoff Calculator With Extra PaymentsMonths to payoff47 months
Loan With Extra Interest Payment CalculatorMonthly payment$405.53
Paying Off a Loan Early Calculator: Savings and TimeMonths to payoff47 months
Personal Loan Calculator With Extra PaymentsMonthly payment$405.53
Personal Loan Calculator With Extra PaymentsMonthly payment$405.53
Personal Loan Calculator With Extra PaymentsScheduled monthly payment$405.53
Personal Loan Calculator With PrepaymentMonthly payment$405.53
Personal Loan EMI Calculator With PrepaymentMonthly payment$405.53
Personal Loan Part Payment Calculator: Estimate SavingsRevised monthly payment$304.15
Refinance Calculator: New Payment, Monthly Saving and Break-EvenMonthly saving$28.00

Every calculator uses a standard formula and shows it. How the calculators work.