Loan Analysis
Compare your standard loan payments against an accelerated schedule with extra monthly payments — see how much interest you save and how many months you cut off.
Results
What is it?
The Loan Analysis calculator compares a standard repayment schedule to an accelerated one where you add extra money to each monthly payment. It quantifies the interest savings and time reduction from paying even a little extra each month.
How to use
Enter the loan amount, interest rate, and original term. Then type in the extra amount you can pay each month (even $50 helps). The calculator shows both the standard and accelerated payment amounts, the interest you save, and how many months you shave off the loan.
Example scenario
On a $250,000 mortgage at 6.5 % for 30 years, the standard payment is about $1,580/month. Adding just $200/month extra saves roughly $100,000 in interest and pays the loan off about 8 years early.
Pro tip
Direct your extra payment specifically towards principal — confirm with your lender that there are no prepayment penalties. Even one extra full payment per year (split across 12 months) can save years of interest.