Loan Overpayment Savings Calculator
General Information
Original Loan Details
Original Regular Payment: $0.00
Total Interest Paid (Original Loan): $0.00
Total Amount Repaid (Original Loan): $0.00
Original Loan Payoff Date: N/A
Overpayment Strategy
Enter the additional amount you plan to pay on top of your regular payment each period.Impact of Overpayments
Loan With Overpayments:
Your Total Regular Payment (Original + Extra): 0.00
New (Accelerated) Loan Payoff Time: N/A
New Loan Payoff Date: N/A
Total Number of Payments Made: 0
Total Interest Paid (With Overpayments): 0.00
Total Amount Repaid (With Overpayments): 0.00
Savings Achieved:
Total Interest Saved: 0.00
Time Saved on Loan: N/A
Making consistent overpayments, even small ones, can significantly reduce the total interest you pay and help you pay off your loan much faster. Ensure your lender applies extra payments directly to the principal and that there are no penalties for overpayment on your specific loan type.