17 monthssooner
Last payment April 2044 instead of September 2045. €8,608.58 less interest.
Loans & what-if
Paid off.
Sooner.
One extra payment can change years of payments ahead. Watch the finish move closer.
Alex & Sam’s home loan€174,505.30 to go
Example: a home loan of €174,505.30 at 3.40% with €1,040.12 a month ends in September 2045 and costs €62,626.28 in interest. One extra payment of €10,000 today, keeping the same monthly payment, ends it 17 months sooner, in Apr 2044, with €8,608.58 less interest. Keeping the end date instead lowers the payment to €980.47 a month, with €3,584.76 less interest.
Alex & Sam’s sample household
- Every payment, split in two. Green pays the loan down, red is interest. In 2027 €5,773 is interest; by 2044 only €534.
- Add one extra payment. €10,000 off the balance today. Keep the monthly payment, and the last years fall away.
- Pay less interest. Finish 17 months sooner, and €8,608.58 of interest stays with you.
Rate held at 3.40%. Lender fees and future rate changes are left out.
Try your own number
Finish sooner, or pay less.
Put an extra payment into Alex & Sam’s loan, once or every month. Kahu works out what it changes with the same loan maths as the app.
€10,000 once: 17 months sooner and €8,608.58 less interest, or €59.65 less a month and €3,584.76 less interest.
€59.65less a month
€980.47 a month, still ending September 2045. €3,584.76 less interest.
Finishing sooner saves €5,023.82 more interest. Paying less frees €59.65 every month.
Next: Installments
Follow every installment plan to its last payment.