Loan Calculator with Prepayment
Pay a lump and shorten the loan.
Your figures stay on your computer — no server, no tracking, no registrationTry: Current balance=16000, APR=6, Months remaining=48, Prepayment=2000 → $16,000, $2,000, $14,000, 42, $505
How to use
A prepayment toward principal today cuts the balance immediately, shortening the term and saving interest. Enter the balance, rate, months left and the lump.
Formula
Reduce balance by lump, then re-amortize the same payment.
FAQ
Prepay vs invest?
If the loan rate beats your after-tax return, prepaying wins.
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