Loan Payoff Date Calculator
Find the exact date your loan will be paid off.
Enter your values
ⓘ Live results
Results
- Payoff date
- Oct 2027
- Months remaining
- 45
- Total paid
- $17,678.86
- Total interest
- $2,678.86
Quick answer
The payoff date depends on how large your payment is relative to the interest accruing each month — even small increases in payment can pull the date in significantly.
n = -ln(1 - Pr/pmt) / ln(1+r)
How to use the Loan Payoff Date Calculator
- 1Enter your current balance, rate and fixed monthly payment.
- 2Enter the month and year you start counting from.
- 3Read the projected payoff date and remaining interest.
Worked example
Using the values the calculator loads with:
Inputs
- Current balance15000 $
- Interest rate9 % APR
- Monthly payment400 $
- Starting month (1-12)1
- Starting year2024
Results
- Payoff dateOct 2027
- Months remaining45
- Total paid$17,678.86
- Total interest$2,678.86
Frequently asked questions
What if my payment barely covers interest?
The calculator will warn you if the payment is too low to ever pay off the balance.
Does this account for extra payments?
No — for one-off or recurring extra payments use the Extra Payment Loan Calculator instead.
About this calculator
- Built and reviewed by James Whitfield · How we build and test calculators
- Report an error
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.