With only a few details about your loan, Loan Optimizer offers you all that you need to know:
> monthly installment
> remaining period
> amortization schedule
> the amount of money saved for an extra payment
> the reduction of the monthly installment and of the duration for an extra payment
> differences between different extra payment methods
> the optimum extra payment amount, calculated based on the money you have available, that is needed to maximize savings by paying only the exact amount of money needed to reduce the duration with the same number of months as in the case where you pay the entire amount of money you have available
> the amount of money saved and how quick the loan is paid back with the same extra payment performed every month
> differences between result of different extra payment methods
> easy to read charts of the loan evolution in time and in different scenarios
You can find more details and tips inside the application.
Enjoy the App!