This free online calculator will create an editable monthly loan amortization schedule based on the original loan terms wherein each payment amount can be changed and/or added to.
In other words, this calculator will help you to estimate the current balance, months remaining, and interest cost difference that would result from deviating from the original loan payment schedule (making extra or balloon payments on an irregular basis).
The calculator also includes an option for displaying and printing a revised schedule of payments, which includes the principal and interest breakdown for each payment period.
And finally, you will also have the option of downloading a .csv file for importing into Excel or Open Office Calc spreadsheets.
Note that the member version of this calculator includes a feature for downloading a .csv file for importing into Excel or Open Office Calc spreadsheets.
Other Loan Payoff Calculators
If you are looking to calculate the current balance on a loan that you have been making the prescribed monthly payments on, please visit the Remaining Balance Calculator instead.
Or, if you are looking to calculate the current balance on a loan where regular payments have been skipped altogether, please visit the Lender Loan Balance Calculator.
Or, if you would simply like to add an extra amount to all remaining monthly payments, and you already know what the current principal balance is, please visit the Early Loan Payoff Calculator.
And finally, if you need to determine the payoff on a promissory note or personal loan, check out the Daily Interest Calculator. It allows you to calculate simple or compounding interest between dates, or for a given number of days, or over the course any number of separate, variable transaction periods.