Payoff Date: Date when the loan balance is paid down to zero, adjusted for any entries you enter in Early Payoff Options.Original Loan Amount: Amount of principal owed on the loan prior to any repayment.Interest Savings: Total amount of interest saved by making the extra payments you entered until the loan is paid in full.Interest Rate: Annual interest rate for the loan.First Payment Date: First periodic payment due date.+ Extra Single Payment: Add one-time extra payment amount at the date you specify to reduce the principal balance of the loan.+ Extra Monthly Payment: Add extra payment amount every month from the date you specify to reduce the principal balance of the loan.Compounding Period: Length of time in which interest is computed. ![]() If you do not specify an amount in this field, the Original Loan Amount and the First Payment Date will be used.
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