See your current payoff balance partway through a loan.
A remaining loan balance calculator shows how much you still owe partway through a loan, based on the original amount, rate, term, and number of payments made.
On an amortizing loan, early payments are mostly interest, so the principal, and therefore your payoff balance, drops slowly in the first years and accelerates later. That's why, a few years into a 30-year mortgage, you may be surprised how much you still owe. The calculator computes the exact figure from the amortization schedule.
The remaining balance is what you'd need to pay the loan off today, and it's the starting point for deciding whether to refinance, sell, or make extra payments. Comparing it against your home's value gives your equity; comparing it against a new loan offer tells you what you'd be refinancing.
From the original amount, rate, term, and payments made, the amortization formula gives the exact principal still owed. Enter them above.
Early payments are mostly interest, so principal falls slowly at first and faster later. Equity builds gradually in the early years.
It's your payoff amount today and the basis for refinancing, selling, or calculating home equity.
See the exact formula and a worked example on our methodology page.