Personal Loan Interest Savings from Extra Payments
See how much interest you can save and how much sooner you can pay off your loan by making extra monthly payments.
Enter Your Loan Details
Results Summary
Original Loan (No Extra Payments)
Monthly Payment:
Total Interest Paid:
Total Paid:
Payoff Time:
Loan With Extra Payments
Total Monthly Payment:
Total Interest Paid:
Total Paid:
New Payoff Time:
Final Payment Amount:
Your Estimated Savings!
Total Interest Saved:
Paid Off Sooner By:
Note: This calculator provides an estimate of interest savings and earlier payoff from making extra monthly payments. Actual results may vary slightly due to your lender's specific calculation methods, payment application rules (e.g., how extra payments are applied to principal vs. future payments), or rounding. This is not financial advice. Consult your lender or a financial advisor for precise details regarding your loan.