THE NUMBERS, EXPLAINED
How to use this calculator.
Sum your lender-supplied balances and charges. Request an official dated settlement quote before paying.
Start with your inputs
Enter outstanding balance (£), accrued interest (£), settlement charges (£). Keep amounts in the units shown on each field. The example is a starting point, not a recommended value.
| Input | Example value |
|---|---|
| Outstanding balance (£) | 10000 |
| Accrued interest (£) | 50 |
| Settlement charges (£) | 100 |
A worked example
With the example inputs above, estimated payoff (£) is 10,150. Change the inputs to explore your own scenario.
Putting the example numbers into the formula
Estimated payoff (£)
(10000)+(50)+(100) = 10,150
| Result | Example answer |
|---|---|
| Estimated payoff (£) | 10,150 |
How this is calculated
Estimated payoff (£)
a+b+c
Symbols and units
- a
- Outstanding balance (£)
- b
- Accrued interest (£)
- c
- Settlement charges (£)
Use the units shown. A list keeps the order in which you enter its values. The symbol ^ means “raised to the power of”.
Assumptions and limits
Sum your lender-supplied balances and charges. Request an official dated settlement quote before paying.
Calculations use the values you enter. Blank or invalid inputs show an error instead of silently substituting zero. Results are displayed to useful precision; calculations retain the underlying numeric precision.
Questions about this tool
What does the result tell me?
Estimated payoff (£). The result applies to the method and inputs described above. Check the units and assumptions before using it in a decision.
Why might another calculator differ?
Differences in units, rounding, timing or model definitions can produce different answers. Compare the input definitions and the method, rather than only the final number. For this tool: Sum your lender-supplied balances and charges. Request an official dated settlement quote before paying.
Are my inputs stored or sent to AI?
Calculations on this page happen in your browser. The separate AI question finder sends its submitted conversation to OpenAI; these calculator fields are not sent. Favourites and recent tool names are stored locally. A shared link contains the inputs you choose to include.
Review status
Software example and browser checks are recorded in our quality report. No external expert review is claimed. Created with coding assistance; calculations run as ordinary browser code.
Read the quality report →