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Prepay Savings
Send a little extra to principal each month. See how many years you cut off the loan and how much interest you keep.
Your loan
Extra monthly payment
💡 An extra $100/mo on a $360k 30-year loan typically saves 4-6 years and $50k-$70k in interest.
Lifetime interest saved
$139,766
Years cut from loan
7.3
New payoff date
22.8 years
Side-by-side
| Baseline | With extra | |
|---|---|---|
| Monthly payment | $2,364.94 | $2,614.94 |
| Months to payoff | 360 (30.0 yrs) | 273 (22.8 yrs) |
| Total interest | $491,380 | $351,613 |