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# Loan Calculator

If you have a loan, then you probably want to repay your loan as soon as possible, minimizing your interest cost, without sacrificing your quality of life. Use this loan calculator to evaluate and develop a strategy by testing the effects of your repayment options. Full use of double up payments, lump sum payments, unique payments, custom payments, skips, and percentage increases are available.

##### Assumptions

- Savings payments will increase annually by the inflation rate.

- All tax effects will happen at the marginal tax rate provided by the user.

- Investment returns will be consistent, annual rate of return provided by the user is set as the effective annual rate, and will not be affected by different compounding frequencies.

- Net benefit of contributing tax savings is calculated as the difference in final balances between the two strategies, less the tax savings received as cash.