One important thing to keep in mind is that, in addition to reducing the amount of interest paid on the debt, you will also repay the debt sooner, freeing up extra cash at the end.
Monthly Payment |
Total Interest |
Months to Pay Off |
|---|---|---|
Monthly Payment |
Total Interest |
Months to Pay Off |
|---|---|---|
| Current Plan | With Lump Sum Payment | |
|---|---|---|
| Total Interest |
One important thing to keep in mind is that, in addition to reducing the amount of interest paid on the debt, you will also repay the debt sooner, freeing up extra cash at the end.
