Lower Your Interest and Term by Adding Principal | Loan Calculator

Business Money Today: Search and compare business loans and commercial business financing options for your company. Find the small business financing your company needs today.

Bookmark This Page

Newsletter Sign-Up

Lower Your Interest and Term by Adding Additional Principal To Your Payment

This simple calculator is designed to demonstrate the power of adding additional principle to monthly loan payments.

Benefits include:

Reduce your overall interest - you pay less over the life of the loan.
Lower your APR - Provides you more flexibility in payment.
Reduce the time it takes to pay off the loan.

Please enter your anticipated loan information below then play around with adding different principle amounts to see how much interest you can save.
Loan Amount:
Rate:		Additional Principle:
Term:

Results Below:
Original Payment:		New Payment:

Original Total Payments:		New Total Payments:
Original Total Interest:		New Total Interest:
Original Term:		New Term:

Total Interest Savings:

The above assumes the following:

Monthly Principal and Interest Payments (no quarterly or semi-annual payments).
No Balloon Payments.
Additional principle from start of loan.

The information provided is for informational purposes only. It is not intended to guarantee you will be approved for a loan or that you will receive the stated payment, term, or rate. Before making a final decision, please contact your financial advisors for complete information.

Unsecured loans or start up loans from $10,000 to $250,000.

Advertise On This Site:

Venture capital and angel capital sources.

Business Credit Cards:

Needing a small working capital line of credit? See the:

Latest Business Credit Card Offers

Accept Credit Cards:

If your business is not accepting credit and debit cards from your customers, then you are losing bigger sales.

Lower Your Interest and Term by Adding Principal | Loan Calculator | Business Money Today