What is the impact of making extra payments on my debt?

One way to save money on interest is to pay off your loan quicker. The potential savings could be hundreds, thousands, and maybe even tens of thousands. Use this calculator to determine how quickly you may be able to pay off your loan.
Loan Information
Original loan balance ($) 
Rate (%) 
Original months in loan (30yrs=360) 
Number of payments already made 
Extra monthly amount ($) 

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

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