How it works

  • Once you set up your account and login, you start with a few simple inputs.
  • Those inputs will show you your monthly payment and
    interest paid during the life of the loan.
  • Then, you can start testing the impact of any of the five additional payment scenarios. 
  • The text box in green will
    summarize your savings potential.
  • But you can also look at the exhibit
    to see the actual dollar amounts.
  • You can then check your balance or
    how much interest you paid in any specific year.
  • Or you can scroll through the amortization table to see your additional payments at work, and what it does to your loan balance.
  • It can help you visualize what your current and future payments look like.
  • And also compares that to your loan as if you never made any changes.
  • In summary
    New loan or already in repayment.
    Five payment scenarios.
    Easy to read results.
    Paying off a loan is not simple, but understanding your options should be.