Loan Pay Off Calculator for Intermittent Extra and Balloon Payments

Loan Pay Off Calculator Sign

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.

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Loan Pay Off Calculator

Calculate revised loan pay off when extra or balloon payments have been and/or will be made on an irregular basis.

Special Instructions

Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Original Loan Terms

Loan Terms:

This section is for entering the original loan terms needed to create the editable payment schedule.

Note that once you click the "Create Schedule" button, all but the "Loan Name" fields will be disabled. Therefore please make sure you have the correct numbers entered before creating and editing the schedule.

Loan name:Loan name:Name of loan:Name of the loan you are tracking:

Loan name:

If you will be printing the loan amortization schedule or you will be tracking more than one loan (Cloud subscription), enter the name of the loan here.

Orig amt:Original amount:Original amount borrowed:Original principal amount borrowed:

Original principal amount borrowed:

Enter the dollar amount of the original loan (without the dollar sign and commas), otherwise referred to as the Principal.

$
Rate:Interest rate:Annual interest rate:Annual interest rate:

Annual interest rate of the loan:

Enter the annual interest rate you are paying on the loan balance. Enter as a percentage without the percent sign (for .06, or 6%, enter 6).

%
Orig # pmts:Orig # pmts:Original loan term in months:Original loan term in months:

Original loan term in months:

Enter the number of monthly payments as stated in the original loan agreement. If you're not sure how many months are in a number of years, type the number of years into the following field and the calculator will convert the years to months.

# of years:
#
# of months:0
#
Payment:Payment amount:Monthly payment amount:Monthly payment amount:

Monthly principal and interest payment amount:

Enter the original monthly principal and interest payment amount (without dollar sign and commas). If this is a home loan, be sure to exclude the insurance and tax portions of the monthly payment.

$
Start mo/yr:Start month/year:Start month and year:Schedule start month and year:

Month and year of first payment:

Select the month and enter the 4-digit year you made the first payment. The calculator will use the month and year to create a schedule of payments wherein each payment can be edited or added to.

#
Made pmt?Made payment?Made this month's payment?Did you make this month's payment?

Did you make this month's payment?

If you have made the payment for the current month, select Yes, otherwise select No. Selecting Yes will increment the number of payments made by 1.

Create & Edit Schedule

Schedule Buttons:

Pressing the "Create Schedule" button will populate the monthly payment chart below based on the loan's original terms. You can then change any of the monthly payment amounts to the actual amounts, as well as enter any extra and/or balloon payments that you have made, or that you plan to make.

If you would like to make changes to the original terms after creating the schedule, click the "Edit Loan Terms" button. Note that this will clear out the payment schedule and any changes you have made to it. So be sure to save the record under the Data tab if you'd like to keep a copy of the schedule that will be overwritten.

Bulk Edit Form

To automatically add a reoccurring annual extra amount to a given month's payment, enter the amount, select the month, and enter the starting and ending 4-digit years, then click the Add PmtsAdd PmtsAdd PaymentsAdd Payments button. Note that you can perform this addition as often as you like. Also note that you must first create a payment schedule in order to enable the addition buttons.

Add:
$
each:
From:
#
to
#

Bulk edit form:

Expand the description on this line to automatically add a reoccurring annual extra amount to a given month's payment.

# rows:Number rows:Number of rows:Number of rows to display:

Number of rows to display:

Select the number of payment rows you wish to display at one time. The lower the number of rows, the more likely the summary results will remain in view as you make changes.

Use the "Prev" and "Next" buttons beneath the displayed rows to navigate the payment schedule. Or select the desired period from the dropdown menu next to the buttons.

#
M/Y
Payment

Payment column:

This column will list the default payment amount for each month that falls within the beginning and ending dates. You can change these to reflect instances where the actual payment made was more or less than the amount listed (enter zero if payment was skipped altogether). Note that the Balance column will update as you make changes.


Adjust

Adjustment column:

Use the fields in this column for adding late fees to the principal balance (enter fees as a negative number, e.g. enter -10 for a $10 fee), or for cases where a second payment is made during any one month (enter principal payments as a positive number). Note that the Balance column will update as you make changes.


Balance

Balance column:

This column will display the revised month-to-month loan balance based on your entries in the Payment and Adjustments columns. Note that the loan balance calculator will recalculate this column as you adjust the payment amounts and late fees.

Payoff Comparison

Payoff Comparison:

This section will compare the original loan term stats with the revised loan term stats.

Revised Loan Pay Off
Tap the text for a description of each row result.
TermsOriginalOriginalOriginalOriginalRevisedRevisedRevisedRevisedDiffDiffDifferenceDifference
Rem bal:Remain bal:Remaining balance:Remaining balance:

Remaining balance:

The first column is the estimated loan balance as of the last payment made if the originally specified payments have been made. The second column is the estimated current balance taking into account any changes you made to the original payment schedule. The third column is the difference between the original and revised current balance.

Rem pmts:Remain pmts:Remaining months:Remaining months:

Remaining months:

The first column is the number of monthly payments remaining if the payments have been made as originally specified. The second column is the number of months remaining taking into account any changes you made to the original payment schedule. The third column is the difference between the original and the revised remaining months.

Tot mon:Tot months:Total months:Total months:

Total months:

The first column is the total number of monthly payments required to pay off the loan at the original terms. The second column is the total number of monthly payments required to pay off the loan at the revised payment amounts. The third column is the difference between the original and revised total months.

Payoff:Payoff date:Payoff date:Payoff date:

Payoff date:

The first column is the month and year the loan was originally scheduled to be paid off. The second column is the month and year the loan will be paid off based on your revised payment schedule. The third column is not applicable so it remains blank.

Int paid:Interest paid:Interest paid:Interest paid:

Interest paid:

The first column is the estimated amount of interest you would have paid to date if the originally specified payments have been made. The second column is the estimated amount of interest you have paid to date based on your changes to the original monthly payment schedule. The third column is the difference between the original and revised loan interest paid to date.

Int left:Interest left:Remaining interest:Remaining interest:

Remaining interest:

The first column is the total interest you would have left to pay if the originally specified payments have and will continue to be made. The second column is the total interest you have left to pay based on your changes to the original monthly payment schedule. The third column is the difference between the original and revised loan interest left to pay.

Tot int:Tot interest:Total interest:Total interest:

Total interest:

The first column is the total interest you would have ended up paying if the originally specified payments have been made. The second column is the total interest you will end up paying based on your changes to the original monthly payment schedule. The third column is the difference between the original and revised loan interest costs (interest saved).

If you would like to save the current entries to the secure online database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Help and Tools

Adjust Calculator Width:

Move the slider to left and right to adjust the calculator width. Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view.

Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. If the calculator is narrow, columns of entry rows will be converted to a vertical entry form, whereas a wider calculator will display columns of entry rows, and the entry fields will be smaller in size ... since they will not need to be "thumb friendly".

Show/Hide Popup Keypads:

Select Show or Hide to show or hide the popup keypad icons located next to numeric entry fields. These are generally only needed for mobile devices that don't have decimal points in their numeric keypads. So if you are on a desktop, you may find the calculator to be more user-friendly and less cluttered without them.

Stick/Unstick Tools:

Select Stick or Unstick to stick or unstick the help and tools panel. Selecting "Stick" will keep the panel in view while scrolling the calculator vertically. If you find that annoying, select "Unstick" to keep the panel in a stationary position.

If the tools panel becomes "Unstuck" on its own, try clicking "Unstick" and then "Stick" to re-stick the panel.