See how much interest you can save by
paying down your debt more quickly! Input up to 3
different payment options for your loan/mortgage, to see
a side-by-side comparison. See how much sooner your debt will be
repaid if you increase your regular payment.
payment frequencies:
weekly
bi-weekly
semi-monthly
monthly
semi-annually
annually
accepts amortization periods of up to 40 years, in months or years
allows various compounding frequencies:
annually
semi-annually
monthly
daily
shows the effective interest rate
shows interest savings when regular payments are
increased
allows input of an extra payment annually
shows how much sooner the debt will be repaid with
increased payments
shows the outstanding loan balance at any point in
the future based on input by the user