Loans
Early loan repayment calculator
Add a regular extra payment to your current loan and compare the new payoff date with the original schedule.
New repayment term
3 yr 11 mo
Interest saved
$3,774.92
Time saved
1 yr 1 mo
Regular payment
$1,933.28
Payment with extra
$2,433.28
Check whether your lender charges early repayment fees or uses a different payment allocation order.
Calculation method
How the new payoff date is estimated
The calculator simulates the loan month by month. Interest is charged on the remaining balance, and the regular plus extra payment reduces principal until the balance reaches zero.