Car Loan Early Payoff Calculator

Car Loan Early Payoff Calculator is an auto loan calculator to calculate how much earlier a borrower can pay off his auto loan with increased payments. The car loan calculator will also show how much the borrower will save in interest payments by paying off earlier.

Auto 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
$615.43
$715.43
Expected Payoff Time
28 months
24 months
Total Interest
$1,150.50 $982.88
Total Principal
$16,000.00 $16,000.00
Total Payment
$17,150.50 $16,982.88
Total Interest Savings
$0 $167.63
Payoff Date
Apr, 2025 Dec, 2024

Early Payoff Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Jan, 2023 1 $78.00 $637.43 $715.43 $15,362.57
Feb, 2023 2 $74.89 $640.54 $715.43 $14,722.03
Mar, 2023 3 $71.77 $643.66 $715.43 $14,078.37
Apr, 2023 4 $68.63 $646.80 $715.43 $13,431.57
May, 2023 5 $65.48 $649.95 $715.43 $12,781.62
Jun, 2023 6 $62.31 $653.12 $715.43 $12,128.50
Jul, 2023 7 $59.13 $656.30 $715.43 $11,472.20
Aug, 2023 8 $55.93 $659.50 $715.43 $10,812.70
Sep, 2023 9 $52.71 $662.72 $715.43 $10,149.98
Oct, 2023 10 $49.48 $665.95 $715.43 $9,484.03
Nov, 2023 11 $46.23 $669.20 $715.43 $8,814.83
Dec, 2023 12 $42.97 $672.46 $715.43 $8,142.38
Jan, 2024 13 $39.69 $675.74 $715.43 $7,466.64
Feb, 2024 14 $36.40 $679.03 $715.43 $6,787.61
Mar, 2024 15 $33.09 $682.34 $715.43 $6,105.27
Apr, 2024 16 $29.76 $685.67 $715.43 $5,419.60
May, 2024 17 $26.42 $689.01 $715.43 $4,730.59
Jun, 2024 18 $23.06 $692.37 $715.43 $4,038.23
Jul, 2024 19 $19.69 $695.74 $715.43 $3,342.48
Aug, 2024 20 $16.29 $699.14 $715.43 $2,643.35
Sep, 2024 21 $12.89 $702.54 $715.43 $1,940.80
Oct, 2024 22 $9.46 $705.97 $715.43 $1,234.83
Nov, 2024 23 $6.02 $709.41 $715.43 $525.42
Dec, 2024 24 $2.56 $525.42 $527.99 $0.00


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