How Much Could Extra Payments Save You?

Add extra payments to see your new payoff timeline and total interest saved. (Principal & interest only.)

Loan amount

Interest rate (APR)

Term (years)

Extra monthly payment

Applied to principal each month.

Start extra in month

1 = first month.

One-time extra payment (optional)

One-time payment month

Month number when lump sum is applied.

Standard monthly payment (P&I)

–

New monthly outlay (P&I + extra)

–

Time to payoff (baseline vs. with extras)

–

Total interest (baseline vs. with extras)

–

Interest saved: –

Estimates are illustrative based on user inputs and standard amortization. Results exclude taxes, insurance, HOA fees, and prepayment penalties. Investing and borrowing involve risk; consider your cash flow needs before prepaying.

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