Calculate loan payments for mortgages, car loans, and personal loans. See amortization schedule and total interest costs.
Enter your loan information and click calculate to see results
Extra payments reduce the principal balance faster, which decreases the total interest paid and shortens the loan term.
Bi-weekly payments result in 26 payments per year (equivalent to 13 monthly payments), which can significantly reduce interest and payoff time.
Compare your loan interest rate to expected investment returns. If your loan rate is higher, extra payments usually make more sense.