Student Loan Payoff Calculator

Student Loan Payoff Calculator with amortization schedule to calculate how much faster you can payoff your student loan with extra payments and how much interest payments you save.

Student Loan Early Payoff Calculator
Loan Balance	$
Interest Rate
Current Monthly Payment	$
Extra Monthly Payment	$
	OR
Desired Payoff Years	years

Student Loan vs. Early Payoff
	Original	Early Payoff
Monthly Payment	$2,315.62	$2,665.62
Expected Payoff Time	38 months	33 months
Total Interest	$6,197.21	$5,333.78
Total Principal	$80,000.00	$80,000.00
Total Payment	$86,197.21	$85,333.78
Total Interest Savings	$0	$863.42
Payoff Date	Jan, 2027	Aug, 2026

Student Loan Payoff Amortization Schedule
Payment Date	Payment #	Interest Paid	Principal Paid	Total Payment	Remaining Balance
Dec, 2023	1	$316.67	$2,348.95	$2,665.62	$77,651.05
Jan, 2024	2	$307.37	$2,358.25	$2,665.62	$75,292.80
Feb, 2024	3	$298.03	$2,367.59	$2,665.62	$72,925.21
Mar, 2024	4	$288.66	$2,376.96	$2,665.62	$70,548.25
Apr, 2024	5	$279.25	$2,386.37	$2,665.62	$68,161.89
May, 2024	6	$269.81	$2,395.81	$2,665.62	$65,766.07
Jun, 2024	7	$260.32	$2,405.30	$2,665.62	$63,360.78
Jul, 2024	8	$250.80	$2,414.82	$2,665.62	$60,945.96
Aug, 2024	9	$241.24	$2,424.38	$2,665.62	$58,521.58
Sep, 2024	10	$231.65	$2,433.97	$2,665.62	$56,087.61
Oct, 2024	11	$222.01	$2,443.61	$2,665.62	$53,644.01
Nov, 2024	12	$212.34	$2,453.28	$2,665.62	$51,190.73
Dec, 2024	13	$202.63	$2,462.99	$2,665.62	$48,727.74
Jan, 2025	14	$192.88	$2,472.74	$2,665.62	$46,255.00
Feb, 2025	15	$183.09	$2,482.53	$2,665.62	$43,772.47
Mar, 2025	16	$173.27	$2,492.35	$2,665.62	$41,280.12
Apr, 2025	17	$163.40	$2,502.22	$2,665.62	$38,777.90
May, 2025	18	$153.50	$2,512.12	$2,665.62	$36,265.77
Jun, 2025	19	$143.55	$2,522.07	$2,665.62	$33,743.70
Jul, 2025	20	$133.57	$2,532.05	$2,665.62	$31,211.65
Aug, 2025	21	$123.55	$2,542.07	$2,665.62	$28,669.58
Sep, 2025	22	$113.48	$2,552.14	$2,665.62	$26,117.44
Oct, 2025	23	$103.38	$2,562.24	$2,665.62	$23,555.20
Nov, 2025	24	$93.24	$2,572.38	$2,665.62	$20,982.82
Dec, 2025	25	$83.06	$2,582.56	$2,665.62	$18,400.26
Jan, 2026	26	$72.83	$2,592.79	$2,665.62	$15,807.48
Feb, 2026	27	$62.57	$2,603.05	$2,665.62	$13,204.43
Mar, 2026	28	$52.27	$2,613.35	$2,665.62	$10,591.07
Apr, 2026	29	$41.92	$2,623.70	$2,665.62	$7,967.38
May, 2026	30	$31.54	$2,634.08	$2,665.62	$5,333.29
Jun, 2026	31	$21.11	$2,644.51	$2,665.62	$2,688.79
Jul, 2026	32	$10.64	$2,654.98	$2,665.62	$33.81
Aug, 2026	33	$0.13	$33.81	$33.94	$0.00

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