What monthly payments are needed to pay off my loan sooner?
Many of us desire to have some debts cleared before starting other significant life events such as retirement, buying a house, starting a family, etc. You might also want to reduce the interest paid over the life of the loan or just improve your credit score. Use this calculator to determine the payment that would be needed to have a debt paid off in a specified number of months.
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.