Early
Payoff
Calculator

Pay Your Loan Off Faster

Use this free calculator to help determine how much money you might be able to save by increasing your monthly loan payment. This calculator can also help you determine how much faster you can pay off your loan by increasing your monthly payment.

Auto Loan Rates

Auto, Light Truck, Motorcycle Rates

Term Rates as low as
Up to 48 months 6.49% APR*
49 - 60 months 7.04% APR*
61 - 75 months 7.49% APR*
76 - 84 months 8.49% APR*
85 - 96 months 9.39% APR*
Rates accurate as of Dec 09, 2024
*APR = Annual Percentage Rate. Advertised stated rates reflect 0.25% APR* rate discount for borrowers with credit score of 750+ at time of loan application. Your rate may be higher depending on your credit history, loan purpose, amount, term, mileage, vehicle year, and other underwriting factors. 61-75 month financing requires a minimum loan amount of $10,000.00. 76-84 month financing requires a minimum loan amount of $20,000. 85 - 96 month financing requires a minimum loan amount of $30,000.00.

Payment Example: $30,000 at 7.04% APR* for 60 months equals $594.60/month.

Calculate Your savings

Annual interest rate

Annual interest rate. Maximum interest rate is 20%.

Number of months remaining

Total number of months remaining on your original auto loan.

Loan term (months)

Total length, or term, of your original auto loan in months.

Auto loan amount

The original amount financed with your auto loan, not to be confused with the remaining balance or principal balance.

Additional monthly payment

Your proposed extra payment per month. This payment will be used to reduce your principal balance.

Current payment

Monthly principal and interest payment based on your original loan amount, term and interest rate.

Monthly prepayment amount

Scheduled payment plus additional monthly payment.

Total savings

Total amount you would save in interest if you made the accelerated payment until your loan was paid in full.

Need More Information?

Auto Loans

Enjoy competitive rates and a simple application or pre-approval process that only takes a few minutes!

Recreational Vehicle Loans

Whether it's a boat, trailer, motorcycle, or other recreational vehicle, finance your fun at Honor!

Information and interactive calculators are available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Zero Down Payment Offer

To make the process as simple as possible with our Zero Down Payment mortgage offer, we encourage you to speak with a mortgage expert so they can explain the requirements and guide you through the process!

Find An Expert Near You

Need Help? Contact us at 800.442.2800 and we will help you get started with the application process.