What monthly payments are needed to pay off my loan sooner?

See how much interest you can save by paying off your loan faster than your current schedule.

Loan Information

Current loan balance ?

The amount you still owe on the loan today.

Current monthly payment ?

What you are paying each month right now.

Annual percentage rate ?

The annual interest rate charged on the loan.

Number of months you want to have the loan paid off? ?

How many months from now you'd like the loan fully paid off.

Interest on Accelerated Plan —

Total interest you'd pay if you paid off the loan within your chosen number of months.

Enter your values and select Calculate.

Many of us desire to have some debts cleared before starting other significant life events such as retirement, buying a house, starting a family, etc. You might also want to reduce the interest paid over the life of the loan or just improve your credit score. Use this calculator to determine the payment that would be needed to have a debt paid off in a specified number of months.

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.