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Today's guess · Sun, Oct 25

$50 extra a month on a $22,000 car loan.

60 months at 8.9%, $456 a month. You pay $506 instead.

How much interest does the extra $50 save?

$300
$0$3,000
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The real number

$674

It comes to $674.

Your guess—
The real figure$674

And the loan ends 7 months sooner: 53 payments instead of 60.

Why so much?

Why

Extra money applied to principal comes straight off the balance, so next month's interest is smaller.

The saving builds on itself for the rest of the loan.

In all

$5,337 of interest at the regular payment. $4,663 with the extra $50.

Show me one move

One move

Make it $100.

$50 extra

53months
$4,663interest

$100 extra

48months
$4,142interest

$100 extra saves $1,195 and ends the loan 12 months sooner.

Tell the lender to apply extra money to principal. Some apply it to the next payment instead.

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Now yours

Your loan, your extra.

Paid off in 53 months (4.4 years). Interest in all: $4,663.

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The whole story, as text

$50 extra a month on a car loan. What does it save?

$50 extra a month on a $22,000 car loan. 60 months at 8.9%, $456 a month. You pay $506 instead. How much interest does the extra $50 save?

The answer

$674. And the loan ends 7 months sooner: 53 payments instead of 60.

Why

Extra money applied to principal comes straight off the balance, so next month's interest is smaller. The saving builds on itself for the rest of the loan. In all: $5,337 of interest at the regular payment. $4,663 with the extra $50.

One move

Make it $100. $50 extra: 53 months, $4,663 interest. $100 extra: 48 months, $4,142 interest. $100 extra saves $1,195 and ends the loan 12 months sooner. Tell the lender to apply extra money to principal. Some apply it to the next payment instead.

Yours

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Written and reviewed by Riverbend Crossroads Digital LLC, Saturday, October 3, 2026. Figures from the Show Real Cost engine, computed exactly and shown to the cent. Educational, not advice; your lender's disclosures are the authoritative figures. How we calculate · Corrections.