Early Settlement Calculator

Use our Early Settlement Calculator to see what it would cost to pay off a loan early, and whether it is worth it.

Enter your original loan and the payments you have made, or the balance from a recent statement.

The calculator adds the interest since your last payment and any settlement fee to give an estimated settlement amount, then compares it with the payments you would still make if you kept going — so you can see the future interest you avoid and your net saving.

The graphs show how your balance has come down and how the saving shrinks the longer you wait. Your lender’s dated settlement statement is the official figure. To estimate a fee your lender may charge for paying early, use our Prepayment Penalty Calculator; to see whether replacing the loan with a cheaper one pays off instead, our Loan Refinance Calculator.