Early Repayment Calculator
Loan Payoff Savings
360mo
30yr
30yr
24mo
Usually 0–2%. Often waived after 3 years.
1.2%
Summary
Monthly Payment
$1,264
Remaining Balance
$195,379
Interest Saved
+$23,479
Term Reduction
−78mo
≈ 6.5yr
Net Saving (saved interest − penalty)
+$23,239
Prepayment Penalty Rate: $240