Loan prepayment calculator
Estimate the remaining balance, new payment, new repayment term and interest saved after making a lump-sum prepayment.
Prepayment details
PrepaymentResults
SavingsRemaining balance
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New payment
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Interest saved
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| Item | Value |
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Frequently asked questions
FAQWhat does a prepayment calculator do?
It estimates remaining balance, new payment, new repayment term and possible interest savings after a lump-sum prepayment.
Which saves more interest: shorten term or reduce payment?
Shortening the term often saves more interest, while reducing payment can improve monthly cash flow.
Should I check lender fees?
Yes. Some loans may have prepayment fees or rules that affect the final benefit.