How it works
Each month interest is charged on the remaining balance and the rest of the payment reduces principal.
Example
At $400 per month, the default $12,000 balance is repaid in about 34 months.
This tool is for estimation and education, not financial, tax, or legal advice.
Frequently asked questions
Are the results exact lender quotes?
No. Results are estimates from the values entered and exclude terms or charges not shown.
Does the calculator send my numbers anywhere?
No. The calculation runs locally in your browser.
How should I use the result?
Compare scenarios, then verify important figures against a lender disclosure or account statement.
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