To work out how much you still owe on a merchant cash advance, take the total payback (advance × factor rate) and subtract every payment that has cleared your bank account. Divide what's left by your daily or weekly payment, rounded up, to get the number of payments left. Daily MCA debits usually run Monday to Friday, so count business days to estimate the payoff date. Before you refinance, consolidate or pay off early, ask your funder for a written payoff letter: that is the number that counts.
Remaining balance
$34,000
Percent paid
51.4%
Payments left
76
Estimated payoff
—
Total payback $70,000; paid $36,000. 76 daily payments left (the last one is $250). Estimate only: it assumes every debit clears on schedule on weekdays, and ignores holidays, fees and returned payments. Ask your funder for a written payoff letter before you refinance, consolidate or pay off early.
Evaluating a new offer instead? Use the MCA calculator to convert a factor rate to APR and check the payment against your cash flow.
Total payback = advance × factor rateRemaining balance = total payback − amount paid so farPercent paid = amount paid ÷ total payback × 100Payments left = remaining balance ÷ payment amount, rounded upCount a payment only once it has cleared your bank account. Pending debits can reverse, and returned payments don't reduce the balance. If the funder says you owe fees, add them to the remaining balance. The guide to calculating your remaining MCA balance covers what counts as a cleared payment and how to check a payoff letter.
A merchant took a $50,000 advance at a 1.40 factor rate, repaid with $450 daily debits (Monday to Friday), and 80 debits have cleared. They still owe $34,000, are 51.4% paid, and have 76 payments left, so the advance finishes about 15 weeks from now if every debit clears.
| Step | Formula | Example |
|---|---|---|
| Total payback | Advance × factor rate | $50,000 × 1.40 = $70,000 |
| Paid so far | Payments made × payment | 80 × $450 = $36,000 |
| Remaining balance | Total payback − paid so far | $70,000 − $36,000 = $34,000 |
| Percent paid | Paid ÷ total payback | $36,000 ÷ $70,000 = 51.4% |
| Payments left | Remaining ÷ payment, rounded up | $34,000 ÷ $450 → 76 (the last one is $250) |
| Time left | Payments left in business days | 76 weekday debits ≈ 15 weeks and 1 day |
Many merchant cash advances owe the full total payback however quickly you pay, so paying early often means hitting zero sooner rather than paying less. Some contracts or funders do offer an early-payoff discount. If yours has, enter the percentage they quoted in the optional field above to see the discounted figure.
Whatever the calculator says, ask the funder for a written payoff letter before you refinance, consolidate, settle or send a lump sum. It should state the exact amount, the date it is good through, and any fees or discounts. Compare it with your own record of cleared payments.
Multiply the advance by the factor rate to get the total payback (also called RTR or purchased amount), then subtract every payment that has cleared your bank account. Add any unpaid fees the funder says you owe, such as returned-payment fees. Remaining balance = advance × factor rate − cleared payments + unpaid fees.
Divide the remaining balance by your daily or weekly payment and round up. The last payment is usually smaller than the others. For example, $34,000 remaining at $450 a day is 76 payments, with a final payment of $250.
Count forward from today by the number of payments left. Daily MCA debits normally run on business days (Monday to Friday), so 76 daily payments take about 15 weeks; weekly debits take one week each. Bank holidays, missed debits and extra debits move the real date.
Only if your contract or your funder offers one. Many MCAs owe the full total payback no matter how quickly you pay. If your funder has offered an early-payoff discount, enter the percentage they quoted in the optional field and the calculator shows the discounted figure. Either way, get the final amount in a written payoff letter.
A payoff letter is a written statement from the funder of the exact amount needed to close the advance as of a specific date, including any fees, pending debits and discounts. Ask for one before refinancing, consolidating, settling or paying off early, and check it against your own record of cleared payments.
The calculator uses the contract math. A funder's figure can differ because of pending debits that haven't cleared, returned or missed payments, NSF or late fees, a discount they've applied, or payments counted on a different date. If the gap is large, compare the funder's payment history with your bank statement line by line.
Partly. The remaining balance and percent paid are correct for any MCA because they only depend on total payback and the amount paid. Payments left and the payoff date assume a fixed payment, so for a holdback MCA enter your average daily or weekly remittance and treat the date as a rough estimate.
Yes. It runs in your browser, needs no signup, and doesn't store the numbers you enter.
FundingTracker keeps the remaining balance, payments and payoff date for every active MCA in one dashboard, checked against the debits that actually hit your bank.