Early loan repayment calculator

Compare repaying early, waiting for a penalty to expire, and keeping your loan. See interest, penalties, payoff dates, and savings after fees.

Your current loan

Currency

Use one currency throughout. Changing the currency does not convert amounts. AMD uses whole amounts; USD and EUR allow cents.

Remaining principal (AMD)

Nominal annual interest rate (%)

Calculate from

Remaining term (months)

Balance and first extra-payment date

Day

Month

Year

Use the principal just after a regular payment. The next regular payment is modeled one month later. Enter either the remaining term to estimate an equal monthly payment, or your current principal-and-interest payment to estimate the remaining term. Exclude insurance and fees.

Extra repayment

Extra amount (AMD)

How often?

What should change?

The first extra payment is on the selected date. Monthly extras then follow each regular payment. Reducing payments assumes the lender recalculates the installment after every extra repayment; confirm this option with your lender.

Early repayment penaltyMy loan has an early repayment penalty

Enter your loan and extra repayment to compare the options.