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Enhanced Loan Calculator

Build your loan

$
%
yrs

The full length of the loan, including any interest-only months.

Loan features
months

0 for none. Principal payments start after it.

yrs

0 for none. The balance left then is due in one payment.

One-time extra payments

Extra principal paid with a given month's payment. Your regular payment stays the same, so the loan ends sooner.

More options
$

Added to every payment from the first month, including interest-only months.

Your results

Payment after the interest-only period

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Interest-only payment

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Balloon payment

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Total interest

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What each feature does

Starting from a plain loan, each row adds one of your features.

LoanPaymentBalloonEndsTotal interestChange

Payment schedule

Your loan with every feature applied: interest-only months, extra payments and the balloon.

YearPaymentsInterestPrincipalExtraBalloonBalance

Results are estimates for educational purposes and are not financial, tax or legal advice.

Combine an interest-only period, a balloon payment and one-time or monthly extra payments in one loan, and see what each feature adds to or saves on your interest. Pair this with the free payment calculator for a fuller picture before you make a decision.