How will prepaying change my loan?

This calculator takes a principal amount, interest rate, normal length of the loan and either how much total a month to pay or how long you want to pay. Then it thinks...

UPDATED: Now also calculates for credit cards and other non amortized lines of credit that use simple compounding of interest.


Enter your loan amount: -
Your interest rate: % (1 to 100)
Amortized Length of mortgage:
Enter "0" for credit card and other non amortized lines of credit
This is value you want to set



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Hugh Chou