Loan Worksheet
See your monthly payment, the full amortization schedule, and how much sooner you'd be debt-free by paying extra — every month, once, or both.
The basic terms of the loan.
0 = a brand-new loan. If you're partway through, enter how many monthly payments you've already made — everything below then projects forward from today.
This is "today" — used to show real payoff dates (like "Nov 2044") instead of just a length in the results.
Optional — see how much sooner you'd pay this off.
Required payment is $0. Fill in either box above — the other updates automatically.
Default of 1 means the extra starts right away. Raise it (e.g. 13) to delay the extra/higher payment until that payment number, then it applies from there on.
Payment #12 = 12 payments from today (not from the original loan start) — so if you're partway through, #1 is your very next payment. This is specifically for the one-time lump sum above; it updates itself to fit your loan term until you change it yourself.
Optional — these don't change your payoff schedule, but they're part of what actually leaves your account each month.
Optional — only affects anything if you expand this and enter a new rate.
= 180 months
Enter a new rate above 0% to activate the comparison in Results. Closing costs are tracked separately, not rolled into the new loan — leave at $0 and they're ignored entirely.
Reflects extra payments if entered above. Rows shaded amber include a lump-sum payment.