Extra Payment Savings

Estimate savings from a one-time lump sum and/or extra monthly payments.

Current Balance ($)

Interest Rate (%)

Remaining Months

One-Time Extra ($)

Monthly Extra ($)

Interest Saved

—

Months Saved

—

New Payoff

—

How it works

Combining a lump-sum payment with a steady extra monthly amount has compounding benefits: the lump sum reduces principal immediately, and the monthly extra prevents the balance from rebuilding.

For informational purposes only. Not financial advice.