IMPORTANT: Numeric entry fields must not contain dollar signs, percent signs, commas, spaces, etc. (only digits 0-9 and decimal points are allowed).
Click the Terms tab above for a more detailed description of each entry.
Step #1:
Enter the original car loan amount.
Step #2:
Enter the annual financing percentage rate of the auto loan.
Step #3:
Enter the original monthly payment amount.
Step #4:
Enter the original repayment term in the number of months.
Step #5:
Enter the number of monthly car payments you have already made.
Step #6:
Enter the extra amount you could add to your current monthly payment amount.
Step #7:
Click the "Calculate Early Payoff" button. This will populate the early-payoff comparison chart, display a bar chart comparing the interest costs with and without the extra payment, and show the revised amortization schedule.
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