Early Payoff Calculator
Loan Details
Extra Payments
Your Payoff Insights
Original Payoff Date:
New Payoff Date:
Time Saved:
Original Total Interest:
New Total Interest:
Interest Saved:
How It Works
- Original Payoff: Calculated based on loan amount, interest rate, and term with standard payments.
- New Payoff: Recalculated with extra monthly and one-time payments applied to principal.
- Interest Saved: Difference between original and new total interest paid.
- Time Saved: Reduction in loan term due to extra payments.
- Assumptions: Extra payments start immediately; one-time payment is applied at the start.
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