Existing Loan Payoff Calculator
If you want to pay down a loan ahead of schedule by adding a fixed amount to each payment, this extra payment calculator will show you how much quicker you'll reach loan pay off time and how much money you'll save. Almost every other loan pay off calculator out there uses initial loan amount, rate, date and term of loan. They assume you have not made any additional payments to your principal. If you have, your balance will not match and your answer will not be accurate. This one is smart enough to take that into consideration and use only your current balance, loan rate and payment amount. Accurate data to begin with gives an accurate answer. (Thanks user Jeff for noticing and pointing that out!)
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Popup
Copy this text to popup the calculator in its own window. It is important to use your Account Number instead of 1 as shown in this example.
<script language="JavaScript" type="text/javascript">
<!--
//Existing Loan Payoff
function ExistingLoanPayoff()
{
window.open('http://www.webcalcsolutions.com/Loan-Calculators/Existing-Loan-Payoff.asp?AcctNum=1', '_blank', 'width=530,height=605,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0');
}
-->
</script>
<a href="javascript:ExistingLoanPayoff();">Existing Loan Payoff</a><br>
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Embedded
Copy this text to embed the calculator in your webpage.It is important to use your Account Number instead of 1 as shown in this example.
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<iframe src="http://www.webcalcsolutions.com/Loan-Calculators/Existing-Loan-Payoff.asp?AcctNum=1" width="530" height="605" frameborder="0" scrolling="auto"><a href="http://www.webcalcsolutions.com/Loan-Calculators/Catalog.asp" target="_blank">Existing Loan Payoff Calculator</a></iframe>
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Customizable Field Values
You can customize the following field values for this calculator. When the calculator runs it will have
the values you set for these fields. It is important to use your Account Number instead of 1
as shown in this example.
Existing Loan Payoff Calculator's Customizable Fields |
Screen Name |
Parm Name |
Parm Value Used in this Example |
Title |
Title |
Mr. & Mrs. O'Riley |
Lender |
Lender |
AAA Money Lenders |
Loan Balance |
LoanBal |
141,370.00 |
Interest Rate |
IntRate |
6.25 |
Monthly Payment |
MonthlyPmt |
966.80 |
Additional Principal |
AddlMonthlyPmt |
376.01 |
View Customized Calculator
<script language="JavaScript" type="text/javascript">
<!--
//Existing Loan Payoff
function ExistingLoanPayoff()
{
window.open('http://www.webcalcsolutions.com/Loan-Calculators/Existing-Loan-Payoff.asp?AcctNum=1&' + 'Title=Mr. %26 Mrs. O%27Riley&Lender=AAA Money Lenders&LoanBal=141,370.00&' + 'IntRate=6.25&MonthlyPmt=966.80&AddlMonthlyPmt=376.01',
'_blank',
'width=530,height=605,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0');
}
-->
</script>
<a href="javascript:ExistingLoanPayoff();">Existing Loan Payoff</a><br>
<br>
<a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br>
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Our examples have special characters (& or ') that must be encoded
to be interpreted properly by the browser. If the customized text you want to use
has any of these characters (&, ' [apostrophe or single-quote],
#, ?, ", \ or %) we have provided this Encode
tool so you can see how to type it into your script. Enter your customized text
then select 'Encode'. The encoded text will show up in the lower box and can be
copied and pasted directly into your script.
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