How much can you save by paying more than your monthly payment?

By paying more than the minimum payment on a debt, you'll get out of debt faster and save money on interest. This calculator will help you explore how much you could save by paying more than the minimum payment on a debt.

How it works:

1. Enter the balance of your debt as well as the current monthly payment and the interest rate.
2. You can change the Fixed Monthly Payment by entering a different amount or by using the plus and minus buttons.

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