Auto Loan Early Payoff
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Auto Loan Early Payoff Calculator
How much interest can you save by increasing your auto loan payment? This financial calculator helps you find out. View the report to see a complete amortization payment schedule, and how much you can save on your auto loan!
By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.
Financial Calculators from
Dinkytown.net
**FIG_GRAPHTITLE** Line Graph: Please use the calculator's report to see detailed calculation results in tabular form.
Financial Calculators from
Dinkytown.net
Auto Loan Payoff Inputs: | Total savings $0.00 |
Current payment:
Report amortization:
Auto Loan Balances and Interest |
Definitions
Annual interest rate
Annual interest rate. Maximum interest rate is 20%.
Number of months remaining
Total number of months remaining on your original auto loan.
Loan term (months)
Total length, or term, of your original auto loan in months.
Auto loan amount
The original amount financed with your auto loan, not to be confused with the remaining balance or principal balance.
Additional monthly payment
Your proposed extra payment per month. This payment will be used to reduce your principal balance.
Current payment
Monthly principal and interest payment based on your original loan amount, term and interest rate.
Monthly prepayment amount
Scheduled payment plus additional monthly payment.
Total savings
Total amount you would save in interest if you made the accelerated payment until your loan was paid in full.
