If you have made prepayments, go to calculator 7a, enter the payment and derive the current term.
If you have made prepayments, go to calculator 7a, enter the payment and derive the current term. On old loans, the period remaining equals the original term less the number of monthly payments you have made, provided you have not made any prepayments. This payment will be used to reduce your principal balance. Accelerated paymentScheduled payment plus additional monthly payment. Additional monthly payment Your proposed extra payment per month.
Accelerated payment Scheduled payment plus additional monthly payment. Additional monthly paymentYour proposed extra payment per month.