by Loft preview
What does the extra do?
Plug in your loan. Add an extra principal payment. See how much sooner you're free.
Loan amount
$
Interest rate
%
Loan term
years
Extra each month
$
The math
Your numbers
Monthly payment
$2,844
+ $200 extra
Interest saved
$115,050
5.1 yrs sooner
Total interest (base)
$573,950
30.0-yr payoff
With extra
$458,901
24.9-yr payoff