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BHPH Payoff Calculator

A payoff is the current balance plus per-diem interest — not the sum of the remaining payments. Enter the note and how many payments have been made to quote a payoff good through a date.

The payoff is the balance plus per-diem — not the remaining payments

Customers ask for a payoff at the moment they're refinancing, trading, or dealing with a total loss — and the wrong number costs you. Adding up the remaining payments overcharges them (it includes future interest they're not paying by settling early); the correct payoff is the current principal balance plus the interest accrued to the day the money lands. Quote it “good through” a date and the per-diem covers the few days of float.

The ledger already knows the balance

This calculator assumes every payment landed on time. Real notes have late payments, partials, and deferrals — which is why the payoff should come off the running ledger, not a re-simulation. DealerVLO posts every payment against the balance as it comes in, so a payoff quote is a click and it's right.

  • Every payment posted against the note's balance in real time
  • Current payoff and per-diem available on the customer's ledger
  • Late fees and partial payments reflected in the real balance
  • The note, schedule, and ledger all live on the deal
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Common questions

How do you calculate a loan payoff?▾
Current principal balance + per-diem interest to the payoff date — not the sum of remaining payments. Amortize the note forward by the payments made to get the balance, then add interest per day until the money lands. This tool does both.
Why is the payoff less than my remaining payments?▾
Remaining payments include all the future interest over the rest of the term. Settling early stops that interest, so the payoff is only the balance plus interest accrued so far — almost always less than adding up the payments left.
What is per-diem interest?▾
Interest per day on the balance: balance × APR ÷ 365. Because a payoff is “good through” a date, you add the per-diem for the days until the funds arrive so the amount is right on the day it clears.
Does this handle late or partial payments?▾
No — it assumes on-time payments and standard amortization. Late fees, partials, and deferrals change the real balance, so reconcile against your actual ledger before giving a binding payoff.