Loan guides
Short explanations of the ideas behind the calculators, with worked examples.
How Loan Amortization WorksLearn how amortization splits each loan payment between interest and principal, why early payments are mostly interest, and how to read an amortization schedule.APR vs. Interest Rate: What’s the Difference?The interest rate sets your payment, while the APR also includes fees. Learn how APR is calculated, when the two differ, and how to compare loan offers.Paying Extra on a Loan: How Much Can You Save?See how extra principal payments shorten a loan and reduce interest, what to check with your lender first, and when paying extra may not be the best use of money.