So, my car payment is $430 a month. What happens if I pay, say $800 instead of $430. Obviously the extra $370 would come off the principle, right? But how would that affect the interest for the rest of the loan if I did this every month? My interest rate is really high, like 20%. So I want to pay it off as fast as possible. I'm just curious how much it helps, because I know you pay mostly interest at the beginning of the loan, and towards the end of the loan is when you're paying mostly principle, right?
Submitted December 27, 2020 at 10:44PM by Dirtstick https://ift.tt/3pxx1E1
