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How this calculator works
The tool compares your regular schedule with a schedule that applies your one-time prepayment now and your extra amount every month, until the balance reaches zero.
Frequently asked questions
Should I prepay my loan or invest?
Compare your loan rate with the after-tax return you could reasonably expect. Prepaying a high-rate loan is a guaranteed return; check for prepayment penalties first.
Results are estimates based on the numbers you enter and simplified assumptions. They are not financial advice. See our disclaimer.