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Debt Payoff Calculator Excel

Debt Payoff Calculator Excel to calculate how much interest you will be saving by paying off your debt earlier. Debt Payoff Calculator is able to calculate for any debt or loans that you may have such as credit card debt or others.

Debt Payoff Calculator

Debt Balance
$
Interest Rate
Current Monthly Payment
$
Extra Monthly Payment
$
OR
Desired Payoff Years
years

Original vs. Early Payoff

Original Early Payoff
Monthly Payment
$500.00
$700.00
Expected Payoff Time
40 months
28 months
Total Interest
$1,542.95 $1,079.13
Total Principal
$18,000.00 $18,000.00
Total Payment
$19,542.95 $19,079.13
Total Interest Savings
$0 $463.82
Payoff Date
Jun, 2027 Jun, 2026

Early Payoff Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Mar, 2024 1 $75.00 $625.00 $700.00 $17,375.00
Apr, 2024 2 $72.40 $627.60 $700.00 $16,747.40
May, 2024 3 $69.78 $630.22 $700.00 $16,117.18
Jun, 2024 4 $67.15 $632.85 $700.00 $15,484.33
Jul, 2024 5 $64.52 $635.48 $700.00 $14,848.85
Aug, 2024 6 $61.87 $638.13 $700.00 $14,210.72
Sep, 2024 7 $59.21 $640.79 $700.00 $13,569.93
Oct, 2024 8 $56.54 $643.46 $700.00 $12,926.47
Nov, 2024 9 $53.86 $646.14 $700.00 $12,280.33
Dec, 2024 10 $51.17 $648.83 $700.00 $11,631.50
Jan, 2025 11 $48.46 $651.54 $700.00 $10,979.97
Feb, 2025 12 $45.75 $654.25 $700.00 $10,325.72
Mar, 2025 13 $43.02 $656.98 $700.00 $9,668.74
Apr, 2025 14 $40.29 $659.71 $700.00 $9,009.03
May, 2025 15 $37.54 $662.46 $700.00 $8,346.56
Jun, 2025 16 $34.78 $665.22 $700.00 $7,681.34
Jul, 2025 17 $32.01 $667.99 $700.00 $7,013.35
Aug, 2025 18 $29.22 $670.78 $700.00 $6,342.57
Sep, 2025 19 $26.43 $673.57 $700.00 $5,669.00
Oct, 2025 20 $23.62 $676.38 $700.00 $4,992.62
Nov, 2025 21 $20.80 $679.20 $700.00 $4,313.42
Dec, 2025 22 $17.97 $682.03 $700.00 $3,631.39
Jan, 2026 23 $15.13 $684.87 $700.00 $2,946.52
Feb, 2026 24 $12.28 $687.72 $700.00 $2,258.80
Mar, 2026 25 $9.41 $690.59 $700.00 $1,568.21
Apr, 2026 26 $6.53 $693.47 $700.00 $874.75
May, 2026 27 $3.64 $696.36 $700.00 $178.39
Jun, 2026 28 $0.74 $178.39 $179.13 $0.00


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