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

Add an extra payment to your monthly note and that balance goes down even faster. But how much extra should you pay? To determine what’s best for you, use this LGFCU calculator.
Loan Information
Original loan balance ($) 
Annual percentage rate (%) 
Initial term in months (30yrs=360) 
Number of payments already made 
Proposed additional monthly payment ($) 
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DocuMatix , LLC and LGFCU do not assume any fiduciary duties or provide investment advice when you use the calculators and you are encouraged to seek professional financial and legal advice when making financial decisions. Calculations provided may differ from calculations provided by other institutions or advisors. DocuMatix , LLC and LGFCU disclaim all warranties with respect to the calculator and use thereof including any implied warranties of fitness for a particular purpose or merchantability. DocuMatix , LLC and LGFCU shall not be liable for any direct, indirect, incidental, consequential, punitive or other damages suffered by you due to your use of the calculator, including loss of profits. You agree to indemnify, defend and hold harmless DocuMatix , LLC and LGFCU from and against all claims, damages and liabilities related to your use of the calculator.

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