Home Equity Loan Payoff Calculator

Home Equity Loan Payoff Calculator excel to calculate early payoff for your home equity loan. Home Equity Loan Payoff Calculator with amortization schedule is calculated based on your current balance, interest rate, and monthly payment. The amortization schedule is exportable to excel as a spreadsheet.

		Original		Early Payoff
Original vs. Early Payoff
Monthly Payment		$1,000.00		$1,300.00
Expected Payoff Time		70 months		52 months
Total Interest		$9,187.76		$6,774.47
Total Principal		$60,000.00		$60,000.00
Total Payment		$69,187.76		$66,774.47
Total Interest Savings		$0		$2,413.28
Payoff Date		Mar, 2029		Sep, 2027
Early Payoff Amortization Schedule
Payment Date	Payment #	Interest Paid	Principal Paid	Total Payment	Remaining Balance
Jun, 2023	1	$250.00	$1,050.00	$1,300.00	$58,950.00
Jul, 2023	2	$245.63	$1,054.38	$1,300.00	$57,895.63
Aug, 2023	3	$241.23	$1,058.77	$1,300.00	$56,836.86
Sep, 2023	4	$236.82	$1,063.18	$1,300.00	$55,773.68
Oct, 2023	5	$232.39	$1,067.61	$1,300.00	$54,706.07
Nov, 2023	6	$227.94	$1,072.06	$1,300.00	$53,634.01
Dec, 2023	7	$223.48	$1,076.52	$1,300.00	$52,557.48
Jan, 2024	8	$218.99	$1,081.01	$1,300.00	$51,476.47
Feb, 2024	9	$214.49	$1,085.51	$1,300.00	$50,390.96
Mar, 2024	10	$209.96	$1,090.04	$1,300.00	$49,300.92
Apr, 2024	11	$205.42	$1,094.58	$1,300.00	$48,206.34
May, 2024	12	$200.86	$1,099.14	$1,300.00	$47,107.20
Jun, 2024	13	$196.28	$1,103.72	$1,300.00	$46,003.48
Jul, 2024	14	$191.68	$1,108.32	$1,300.00	$44,895.16
Aug, 2024	15	$187.06	$1,112.94	$1,300.00	$43,782.23
Sep, 2024	16	$182.43	$1,117.57	$1,300.00	$42,664.65
Oct, 2024	17	$177.77	$1,122.23	$1,300.00	$41,542.42
Nov, 2024	18	$173.09	$1,126.91	$1,300.00	$40,415.51
Dec, 2024	19	$168.40	$1,131.60	$1,300.00	$39,283.91
Jan, 2025	20	$163.68	$1,136.32	$1,300.00	$38,147.60
Feb, 2025	21	$158.95	$1,141.05	$1,300.00	$37,006.54
Mar, 2025	22	$154.19	$1,145.81	$1,300.00	$35,860.74
Apr, 2025	23	$149.42	$1,150.58	$1,300.00	$34,710.16
May, 2025	24	$144.63	$1,155.37	$1,300.00	$33,554.78
Jun, 2025	25	$139.81	$1,160.19	$1,300.00	$32,394.60
Jul, 2025	26	$134.98	$1,165.02	$1,300.00	$31,229.57
Aug, 2025	27	$130.12	$1,169.88	$1,300.00	$30,059.70
Sep, 2025	28	$125.25	$1,174.75	$1,300.00	$28,884.94
Oct, 2025	29	$120.35	$1,179.65	$1,300.00	$27,705.30
Nov, 2025	30	$115.44	$1,184.56	$1,300.00	$26,520.74
Dec, 2025	31	$110.50	$1,189.50	$1,300.00	$25,331.24
Jan, 2026	32	$105.55	$1,194.45	$1,300.00	$24,136.79
Feb, 2026	33	$100.57	$1,199.43	$1,300.00	$22,937.36
Mar, 2026	34	$95.57	$1,204.43	$1,300.00	$21,732.93
Apr, 2026	35	$90.55	$1,209.45	$1,300.00	$20,523.48
May, 2026	36	$85.51	$1,214.49	$1,300.00	$19,309.00
Jun, 2026	37	$80.45	$1,219.55	$1,300.00	$18,089.45
Jul, 2026	38	$75.37	$1,224.63	$1,300.00	$16,864.82
Aug, 2026	39	$70.27	$1,229.73	$1,300.00	$15,635.09
Sep, 2026	40	$65.15	$1,234.85	$1,300.00	$14,400.24
Oct, 2026	41	$60.00	$1,240.00	$1,300.00	$13,160.24
Nov, 2026	42	$54.83	$1,245.17	$1,300.00	$11,915.08
Dec, 2026	43	$49.65	$1,250.35	$1,300.00	$10,664.72
Jan, 2027	44	$44.44	$1,255.56	$1,300.00	$9,409.16
Feb, 2027	45	$39.20	$1,260.80	$1,300.00	$8,148.36
Mar, 2027	46	$33.95	$1,266.05	$1,300.00	$6,882.32
Apr, 2027	47	$28.68	$1,271.32	$1,300.00	$5,610.99
May, 2027	48	$23.38	$1,276.62	$1,300.00	$4,334.37
Jun, 2027	49	$18.06	$1,281.94	$1,300.00	$3,052.43
Jul, 2027	50	$12.72	$1,287.28	$1,300.00	$1,765.15
Aug, 2027	51	$7.35	$1,292.65	$1,300.00	$472.50
Sep, 2027	52	$1.97	$472.50	$474.47	$0.00