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*UPDATE GREY CELLS ONLY
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Calculate Loan Payoff based on original loan terms
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Loan Amount: $ 7,500
<-- UPDATE
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Annual interest rate:26.00%
<-- UPDATE
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Monthly payment amount: $ 350
<-- UPDATE
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Loan repayment time (years): 2.427 February 2028
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Interest paid:$4,732
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Adjusting Monthly Payment
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Monthly payment amount: $ 350
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Additional monthly payment: $ 60
<-- UPDATE
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Adjusted loan repayment time (years):
 2.0 August 2027
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Loan time saved (years): 0.5
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Interest paid: $ 3,826
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Interest saved: $ 905
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Setting Loan Repayment Time to Calculate Monthly Payment
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Desired loan repayment time (years):
 2.0
<-- UPDATE
September 2027
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Monthly payment amount: $ 404
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Interest paid: $ 3,900
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Interest saved: $ 832
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