Click here to check out this great new tool.

The Calculator works just like any other amortization tool but with a few added features. First, it will allow you to see exactly what your loan balance is at any point in time during your loan. And you can quickly see the difference between a 15 year loan and a 30 year loan and how your situation would change with a change of interest rates.

But the Calculator has another cool function. With the Loan Amortization and Payoff Calculator you can see what would happen to your loan if you chose to make additional payments or a lump sum payment. This is especially useful if you're looking to pay off your loan at a certain point in time, such as retirement or another lifestyle change.

Many people like the idea of not having a car payment. There are probably just as many who would love to not have a house payment as well, but they may not know how to make that happen. With this tool, you can see for yourself.