Extra Repayment Calculator
Reducing the loan as quickly as you can will always give you benefits in the long run. If there's an extra $50 you can pay off this week, that's $50 that you wont be paying interest on for the rest of the loan term. On a 30 year loan that payment might save you $116 in interest. Imagine the savings if you did that every week. No need to imagine, here's the calculator. This is certainly one of the most exciting calculators; How much sooner can we pay the loan off?