College Loan Prepayment Calculator:


Making extra principal payments on a loan may help satisfy it sooner and decrease the amount of total interest paid, and thus the total cost of the loan. This calculator demonstrates the benefits of paying extra on your loan and the manner in which it will affect your loan term.

Example values are provided. Change the sample amounts below to see the effects on savings.

Loan Principal: $
Interest Rate:
% (annual)
Loan Term:
(years)
Standard Payment: $
Alt. Mnthly Pymnt: $
(> standard $)

      

 

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