Debt Pay-Off Calculator

Throughout the process of paying off a loan, you will end up paying a significant amount in interest charges. However, by making a small extra payment towards the principal amount each month, you can considerably reduce the loan term and save a considerable amount in interest payments. Our extra payment calculator can help you figure out how much quicker you can pay off your debt.

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations, and financial situation. This analysis does not address the potential income tax implications of accumulating assets.