Pay off loan early – calculator to figure out balance left with advance payment?
January 19, 2011 Categories: Debt
Ella Asked:
Pay off loan primeval – calculator to figure out equilibrise left with advance payment?
My exhusband makes me payments on $ 25,000 settlement. Our argreement is $ 250/month at 6.5% interest. He stated he would like to make advance payments, but is not sure how this is the extent of the credit effect. He asked his bank and was told he had to figure it out long hand. Is there a personal program to figure this out? He stated if I can figure it out, he can only continue with the $ 250 payments. I could really use the extra money pay my legal bill. Any help would be appreciated!
Best answer:
Answer by angela
Try this one. It has a place where you can enter extra payments. http://www.bankrate.com/brm/popcalc2.asp
There are others out there. I place loan calcualtor in the search box and got several choices.
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