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		Dec, 2026		Dec, 2025
Early Payoff Amortization Schedule
Payment Date	Payment #	Interest Paid	Principal Paid	Total Payment	Remaining Balance
Sep, 2023	1	$75.00	$625.00	$700.00	$17,375.00
Oct, 2023	2	$72.40	$627.60	$700.00	$16,747.40
Nov, 2023	3	$69.78	$630.22	$700.00	$16,117.18
Dec, 2023	4	$67.15	$632.85	$700.00	$15,484.33
Jan, 2024	5	$64.52	$635.48	$700.00	$14,848.85
Feb, 2024	6	$61.87	$638.13	$700.00	$14,210.72
Mar, 2024	7	$59.21	$640.79	$700.00	$13,569.93
Apr, 2024	8	$56.54	$643.46	$700.00	$12,926.47
May, 2024	9	$53.86	$646.14	$700.00	$12,280.33
Jun, 2024	10	$51.17	$648.83	$700.00	$11,631.50
Jul, 2024	11	$48.46	$651.54	$700.00	$10,979.97
Aug, 2024	12	$45.75	$654.25	$700.00	$10,325.72
Sep, 2024	13	$43.02	$656.98	$700.00	$9,668.74
Oct, 2024	14	$40.29	$659.71	$700.00	$9,009.03
Nov, 2024	15	$37.54	$662.46	$700.00	$8,346.56
Dec, 2024	16	$34.78	$665.22	$700.00	$7,681.34
Jan, 2025	17	$32.01	$667.99	$700.00	$7,013.35
Feb, 2025	18	$29.22	$670.78	$700.00	$6,342.57
Mar, 2025	19	$26.43	$673.57	$700.00	$5,669.00
Apr, 2025	20	$23.62	$676.38	$700.00	$4,992.62
May, 2025	21	$20.80	$679.20	$700.00	$4,313.42
Jun, 2025	22	$17.97	$682.03	$700.00	$3,631.39
Jul, 2025	23	$15.13	$684.87	$700.00	$2,946.52
Aug, 2025	24	$12.28	$687.72	$700.00	$2,258.80
Sep, 2025	25	$9.41	$690.59	$700.00	$1,568.21
Oct, 2025	26	$6.53	$693.47	$700.00	$874.75
Nov, 2025	27	$3.64	$696.36	$700.00	$178.39
Dec, 2025	28	$0.74	$178.39	$179.13	$0.00

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