Loan Prepayment Calculator
See how extra payments can save you thousands in interest and help you pay off your loan years earlier.
Loan Details
Extra Payment Strategy
Interest Saved
$242,471
Time Saved
10y 10m
New Payoff
19y 2m
ROI on Extra
211%
Payment Comparison
| Metric | Standard | With Extra Payments | Savings |
|---|---|---|---|
| Monthly Payment | $2,729 | $3,229 | - |
| Loan Term | 30 years | 19y 2m | 10y 10m |
| Total Interest | $582,334 | $339,862 | $242,471 |
| Total Extra Paid | $0 | $115,000 | - |
Loan Balance Over Time
- Standard Payments
- With Extra Payments
Prepayment Tips
- Check your loan for prepayment penalties before making extra payments
- Specify that extra payments should go toward principal, not future payments
- Even small extra payments can save thousands over the life of the loan
- Consider bi-weekly payments for automatic extra payment without budget strain
Ready to Optimize Your Loan?
Our team can help you structure your loan with flexible prepayment options that fit your investment strategy.
Get Started