Enter data in any 4 of the red labeled input boxes, then click the "Calculate" button.
Enter Data Here These boxes are for results only
Loan Amount Total of Payments
Interest Rate (%) Interest Paid
Total # of payments Simple Interest (%)
Payments per year Payoff Date (mo / yr)
Payment

Hint: To see the effect of paying more than the scheduled amount,calculate the scheduled monthly payment by filling in all but the payment. After this is calculated, enter the amount of payment you would like to make, delete the "number of payments" entry, and recalculate.

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