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Loan / Mortgage Payment Adjustment Calculator
Loan / Mortgage Payment Adjustment Calculator

Making payments in addition to your regular payments can help you pay off your loan early and reduce the total interest paid.


Current Loan
Current Balance $
Annual interest rate %
Remaining Term Years Months
Monthly Payment (calculated) $
Additional Payment
Amount $
Frequency
Paid for how long?
Set Period Years Months

If you choose to make additional payments to the end of the loan (rather than for a set period), the set period years and months are not used.



This calculator assumes that no other amounts are borrowed with respect to the loan during the remaining term.

This calculator assumes a fixed interest rate.

This calculator does not take into account the effect of federal or state taxes, or any fees.

Payments are assumed to be made at the end of each period (month, quarter, or year, as appropriate).

This calculator should be used as a general guide only. Every situation is unique, and this calculator illustrates just one possible approach to minimizing overall interest paid on your debts.



Any information provided has been prepared from sources believed to be reliable but is not guaranteed, does not represent all available data necessary for making investment decisions and is for informational purposes only.


Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2018.