How Will Extra Payments Affect My Loan?

By nature, loans cause you to pay a sometimes significant amount of money in interest. However, there may be a way for you to decrease the total amount of interest you will pay on your loan and pay off your loan faster with small additional monthly payments toward your debt. Use this calculator to see how extra payments will affect your loan.

talk with a United expert

explore your financial options

balance transfer schedule a conversation

we're here to help!


Looking for another calculator?
Understanding your current financial status can clarify both short and long-term goals. Our calculators help you get a clearer picture of where you are now financially, where you're headed, and what you can do to get there fast and with the best results.


all calculators

further reading

Advice Hub Article: Budget for the New Year

On Your Way to a Better Budget

Advice Hub | 12/19/2023

As you take the steps for control of your money, you'll find financial success is much more likely.

Read Article

Advice Hub Article: Consolidate Debt

How to Consolidate Debt with a Plan

Advice Hub | 3/26/2022

Debt consolidation is important for a healthy financial future, and knowing how to consolidate debt is the first step to building an action plan.

Read Article

Advice Hub Article: Ways to Pay Off Credit Card Debt

Paying Off Credit Card Debt

Advice Hub | 9/30/2020

More than half of U.S. adults had credit card debt in 2020 — here are four smart steps you can take now to help you pay off credit card debt.

Read Article

Advice Hub Article: Balance Transfers 101

How to Use a Credit Card Balance Transfer

Advice Hub | 9/23/2020

Doing a balance transfer can help you tackle your debt faster by helping you avoid paying high-interest rates for a few months.

Read Article

Read More in Advice Hub

;