If You Know the Remaining Loan Term
Use this calculator if the term length of the remaining loan is known and there is information on the original loan – good for new loans or preexisting loans that have never been supplemented with any external payments.
Payoff in 15 years and 8 months
The remaining balance is $279,163.07. By paying extra $500.00 per month, the loan will be paid off in 15 years and 8 months. It is 9 years and 4 months earlier. This results in savings of $108,886.04 in interest.
The Original Payoff Schedule