Life Scenarios
What if I pay an extra $100?
See how extra payments reduce payoff time and interest on any loan or credit card.
Try the calculator
Add extra payments to see the payoff change.
What this means
Extra payments hit principal faster, so you pay less interest and finish sooner.
What to do next
Choose a monthly extra amount that fits your budget. Make it automatic to stay consistent.
FAQ
What debts can I use this for?
Any fixed or revolving balance with a monthly payment and APR.
What if my payment is too low?
If your payment does not cover interest, the balance will not decrease. Increase the payment to see progress.