Car Loan Payoff Calculator

This tool answers what is still owed on a car loan part way through the term, and what it would cost to clear it today. Enter the original amount, the rate, the term and how many payments you have made, and it rebuilds the schedule the way a lender does, rounding interest to the cent each month, then returns the balance, the per diem interest, a payoff figure good for a set number of days and the interest you would avoid. The second mode sets that balance against what the car is worth now and says how far above or below water you are. It assumes every payment was made on time and in full, so a missed or partial payment leaves your real balance higher than this.