Insights
Notes for the curious
English-language information can reach readers whose agreements are governed in different places. Source vocabulary and website location are insufficient to determine an individual's rights.
Early repayment savings depend on a dated calculation
The effect of settlement depends on the agreement's treatment of interest and applicable charges.
Extra money and a shorter term are different account events
Receiving an overpayment does not necessarily implement the schedule change a borrower imagines.
An early-exit calculation is not always ordinary amortization
Some teaching schedules assume a standard method that may not match a product's settlement rules.