Fixed payment payoff calculator

Pay the same amount every month instead.

Built and reviewed by Dovanic, Founder and editor, FreeByteLast reviewed: 2026-08-18

Balance

APR

22.9%

Monthly payment

Clear in

2 yr 5 mo

Interest

$1,968

With these inputs, clear in comes to 2 yr 5 mo. Interest works out to $1,968. The result assumes apr stays at 22.9%.

What moves the number · Clear in

Input	−10%	Now	+10%
Balance	2 yr 1 mo	2 yr 5 mo	2 yr 9 mo
APR	2 yr 4 mo	2 yr 5 mo	2 yr 6 mo
Monthly payment	2 yr 9 mo	2 yr 5 mo	2 yr 1 mo

Whatmakesequal

Save this set of inputs, change something, then save again to compare the outcomes side by side.

Pay the same amount every month instead.

With the defaults above, clear in works out at 2 yr 5 mo.