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Amortization
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Amortization
Loan Comparison Calculator
Current Loan
Loan Balance ($)
Interest Rate (%)
Remaining Term (Years)
Extra Principal / Payment ($)
Payment Frequency
Monthly
Bi-Weekly
Notes
Bi-weekly uses 26 payments/year (accelerates payoff).
New Loan
Loan Amount ($)
Interest Rate (%)
Term (Years)
Extra Principal / Payment ($)
Payment Frequency
Monthly
Bi-Weekly
Notes
Extra payments apply directly to principal.
Compare Loans
Summary
Current Payment (base)
$0
New Payment (base)
$0
Interest Saved (A − B)
$0
Total Interest (Current)
$0
Total Interest (New)
$0
Payoff Faster By
0
Compared to Current schedule length.
Balance Over Time
X-axis = months; hover to see balances at that month.
Current Loan Amortization Table
Payment #
Payment
Principal
Interest
Extra
Balance
New Loan Amortization Table
Payment #
Payment
Principal
Interest
Extra
Balance