Extra Payment Calculator – Pay Off Loans Faster | Save Interest
Discover how making extra payments can accelerate your loan payoff and save you thousands.
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Enter your loan details and click "Calculate Savings" to see your results.
How Extra Payments Transform Your Loan
Making extra payments on your loan is one of the most powerful financial strategies available. By paying more than the minimum required, you directly reduce your principal balance, which means less interest accrues over time. This calculator shows you exactly how much you can save and how many years you can shave off your loan by making additional payments – whether it's an extra $50 per month or a one-time $5,000 bonus payment.
Save thousands in interest
Pay off loans years early
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