Merchant Cash Advance Payoff Calculator
See your remaining balance and estimated payoff date based on your actual payment schedule
How to use this calculator
A merchant cash advance has no amortization schedule and no accruing interest, so tracking your balance is more straightforward than on a loan — but it requires figures from two different places: your funding agreement and your business bank account. Here's what each input does:
Original Advance Amount. The gross amount of your advance, listed in your funding agreement. This may not be the same amount as the deposit that hit your bank account — if there is an origination fee, your deposit was a lower amount. Using the deposit figure will understate what you owe.
Total Payback or Factor Rate. Enter either figure provided in your funding agreement. With a factor rate, the calculator multiplies it by your advance amount to get your total payback. If you enter the total payback directly, the calculator uses it as-is and works backward to your factor rate by dividing it by your advance amount. Either way it arrives at the same place — the total payback is what everything else is measured against.
Payment Amount. The exact amount debited from your business bank account each payment.
Payment Frequency. Daily or weekly, matching your remittance schedule. Daily payments run Monday through Friday (may vary on holidays), so a month is roughly 21.67 payments rather than 30.
Funding Date. The date the advance was deposited, which sets the starting point for counting how many payments have already cleared.
The results show what's left, what you've repaid, how many payments remain, and when the balance clears at your current repayment schedule.
How your remaining balance is calculated
Your total payback was set at time of funding — your funding amount multiplied by your factor rate. Nothing has been added since, and nothing accrues.
That makes the remaining balance simple subtraction: total payback minus everything you've paid so far. There's no amortization schedule, no interest recalculating, and no split between principal and interest. Every payment reduces your balance by exactly the same amount as every other payment.
This works in your favor compared to a loan. On an amortizing loan, early payments are weighted heavily toward interest, so the balance barely moves in the first months. Here, your first payment and your last payment do identical work. For how factor rates are set and what moves them, see our Working Capital Calculator.
Why your lender's number may differ
This calculator assumes every scheduled payment cleared, on schedule, from your funding date to today. Typically, unless there were payment issues, it's the right basis for planning.
Several things can move the real figure. Payments that were returned or missed leave more outstanding than the schedule suggests. Bank holidays may shift daily payment counts, since a position with a daily repayment structure only runs on business days. If your advance was paused or modified at any point, the schedule will no longer be an accurate estimate.
For an exact figure, always request a payoff letter from your lender. It states the exact current balance and is the required document needed for consolidating or paying off an advance early.
One thing worth knowing before agreeing to a modification: while paused, reduced, or modified payments may provide short-term cash flow relief, they carry a long-term consequence. Modifications and payment pauses are typically reported to DataMerch, the database most alternative lenders — including MCA funders and business line of credit providers — use to verify payment history before approving new financing. A reported modification or pause can be an automatic disqualifier in future underwriting, even years later. It's a real trade-off worth understanding before agreeing to one.
What paying off early actually does
Your cost of capital was fixed at funding. Paying the balance early ends your payments sooner, but it may not reduce the total you repay. There's no unaccrued interest to save, because no interest was accruing.
The exception is a prepayment discount, and it's a real one. Some agreements include a clause reducing your total payback if you pay off the remaining balance early — sometimes on a sliding scale tied to how early, and other times as a fixed percentage savings for the full term. If your agreement has one, paying off early genuinely lowers your cost. Check your funding agreement, or ask your provider directly.
Even without a discount, ending the payments early has value. The daily or weekly debit stops, and that cash flow returns to your business bank account immediately. Whether that's worth the lump sum depends on what else the money could do — but the cash flow relief is real regardless of what the total cost does.
Reading your results
Remaining Balance. Your total payback minus all payments remitted. This assumes every scheduled payment cleared.
Amount Repaid. The total amount paid back to date.
Remaining Payments. How many payments are left, shown in the frequency you selected.
Estimated Payoff Date. When the balance clears at the current schedule.
Total Cost of Capital. The gap between what you repay in full and what you were funded. Fixed at funding — this figure doesn't change as you repay.
Percentage Complete. How far through the total payback you are.
Your cost of capital is fixed at funding. It does not decrease as you repay, and paying early does not reduce the cost except when your advance is structured with a prepayment discount. If you're carrying more than one advance, our Merchant Cash Advance Debt Calculator shows your combined payments and when each position clears. To see what your advance costs as an annual rate, use our Factor Rate to APR Calculator.
Frequently Asked Questions
Common questions about how the calculator works and what the numbers mean.
Your total payback was fixed at funding — your advance amount multiplied by your factor rate. Your remaining balance is that total minus every payment remitted to date. There's no interest recalculating and no split between principal and interest. Every payment reduces the balance by the same amount.
This calculator assumes every scheduled payment cleared on time from your funding date. Returned or missed payments, bank holidays, and any modification or pause to your advance can all shift the real figure. For a precise number, request a payoff letter from your lender — it states the exact balance required to satisfy the advance as of a specific date.
A payoff letter is an official statement from your lender showing the exact amount needed to fully satisfy your advance as of a specific date, along with any conditions attached to early settlement. You'll need one before refinancing, consolidating, or paying the advance off early. Lenders provide one on request — contact your account representative or lender directly.
Not automatically. Your cost of capital was fixed at funding, so there's no unaccrued interest to save by paying early. However, many agreements include a prepayment discount that reduces your total payback if you settle before the term ends — sometimes on a sliding scale, sometimes as a fixed percentage. Check your funding agreement or ask your provider directly.
No. The results are an estimate based on your inputs and the assumption that every scheduled payment cleared on time. Your actual remaining balance may differ if any payments were missed, returned, or if your advance was modified. Request a payoff letter from your lender for the exact figure.
Remittances skip the holiday and resume the next business day. Your term may extend slightly and your payoff date may shift by a day or two, or the lender may pull an additional catch-up payment the following business day. The calculator uses business days for daily payment counts but does not account for individual holidays, so treat the estimated payoff date as close rather than exact.
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