Extra Repayment
See how additional repayments can shorten your loan and save you interest.
Loan Details
$500,000
$50,000$3,000,000
6%
1%15%
30 years
1 years30 years
$500
$0$5,000
Impact of Extra Repayments
Interest Saved
$199,501
Time Saved
9 yrs 0 mo
Loan paid off in 21 years instead of 30
Without Extra
$2,998/mo
Interest: $579,191
30 years
With Extra
$3,498/mo
Interest: $379,690
21 years
Even small extra repayments can make a significant difference over the life of your loan. Check with your lender about any restrictions on extra repayments.
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