Enter a loan amount, interest rate and term to see your monthly payment and total interest. Add an extra monthly payment to see how much sooner you pay it off.
A loan offer says "only $199 a month" and your brain goes quiet. Multiply that by 60 months and add the interest you weren't shown, and the real cost is a different story. This calculator lays the whole thing out: the monthly number, the total interest, and what throwing in a little extra each month actually saves you.
Type the amount, the annual rate and the term. Want to pay it off faster? Add an extra monthly payment and watch the payoff time shrink.
Fill in amount, rate and term; the monthly payment, total interest and total paid update live. Add an extra monthly payment to see a shorter payoff.