Loan Calculator
Compute monthly loan payments and see how extra payments save thousands in interest.
How to Use the Loan Calculator
Follow these simple steps to use this tool directly in your browser.
Enter Loan Details
Specify principal, annual interest rate, and term.
Add Extra Monthly Payment
Optionally test adding extra cash to monthly payment.
Review Total Savings
Discover how quickly your loan gets paid off.
Key Features
Extra Payment Accelerator
Shows exactly how much interest extra payments eliminate.
Adding even a small extra payment towards your loan principal each month can shave years off a 30-year mortgage and save tens of thousands in interest.
Frequently Asked Questions
Extra payments reduce your outstanding principal balance immediately, which reduces the amount of interest charged in all following months.
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