It appears that by paying an extra $0 per month, you could save $0 in interest ($34,571 vs. $34,571), and own the asset 0.0 years sooner than under your current schedule (5.0 years vs. 5.0 years). <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "MSColumn2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='0' showFCMenuItem='0' decimals='0' formatNumberScale='0' caption='Cumulative Interest' xAxisName='Year' numberPrefix='$' bgColor='FFFFFF' showBorder='1' borderColor='FFFFFF' borderThickness='1' canvasBgColor='E6E3CF' palette='2' numberSuffix='' thousandSeparator=',' decimalSeparator='.'><categories><category label='1' /><category label='2' /><category label='3' /><category label='4' /><category label='5' /></categories><dataset seriesName='Current'><set value='10891.0' /><set value='20241.0' /><set value='27656.0' /><set value='32640.0' /><set value='34571.0' /></dataset><dataset seriesName='Proposed'><set value='10891.0' /><set value='20241.0' /><set value='27656.0' /><set value='32640.0' /><set value='34571.0' /></dataset></chart>"); // --> </script> <table class='pure-table pure-table-bordered' role='grid'><tr><th scope="col">Year</th><th scope="col">Beginning Balance</th><th scope="col">Interest @ 23%</th><th scope="col">Proposed Payment</th><th scope="col">Ending Balance</th></tr><tr><td role="rowheader" scope="row">1</td><td>$50,000</td><td>$10,891</td><td>$16,914</td><td>$43,977</td></tr><tr><td role="rowheader" scope="row">2</td><td>43,977</td><td>9,350</td><td>16,914</td><td>36,413</td></tr><tr><td role="rowheader" scope="row">3</td><td>36,413</td><td>7,415</td><td>16,914</td><td>26,913</td></tr><tr><td role="rowheader" scope="row">4</td><td>26,913</td><td>4,984</td><td>16,914</td><td>14,983</td></tr><tr><td role="rowheader" scope="row">5</td><td>14,983</td><td>1,932</td><td>16,914</td><td>0</td></tr><tr><td role="rowheader" scope="row">6</td><td>0</td><td>0</td><td>0</td><td>0</td></tr></table>