Calculate Your Pre-Pay Payments

You figure you can afford to pay extra on your loan but you don't know if it's worth it.

It's worth it -- you can save thousands of dollars by paying a little more each month. You will save more than you can imagine by paying something extra each month instead of just making your regular payment.

Use this calculator to quickly find out just how much money you can save!

CALCULATE ORIGINAL LOAN
Loan Amount
Interest Rate
Payments Made	Times a Year
Loan Is For	Years

Regular Payments

CALCULATE SAVINGS
If I Paid
Starting With Payment
Loan Originated On


Interest Will Be
Principal/Interest
My Loan Will Be Paid In
I CAN SAVE...

AMORTIZE YOUR LOAN...

Please be patient, the amortization might take a few seconds.

To use this calculator:

First, calculate your current payments. Enter the loan amount, the interest rate, how many times a year you make payments, and the number of years for the loan. Click the Calculate button and the calculator will give you your current regular payments.

Then, calculate your potential savings. Enter the amount you would like to pay, the payment number you want to start paying that amount, and the month and year your original loan began. Click the Calculate button and you will see just how much you can save!

To create an amortization schedule, click the Amortize button.

As always, the results of the calculations are close estimates. Be sure to talk to your lending institution before you make any loan payment changes.


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