Using the What If Tool for a loan account

total interest. The tool does not change your actual loan setup.

Open the What If Tool

To get started:

1. Open your loan account from the Accounts bar.

2. Select the What If Tool tab at the top of the window.

You’ll see your loan balance, interest rate, monthly payment, and next due date. The tool lets you explore different payment scenarios.

Choose a payment scenario

You can test two types of extra payments:

• Monthly extra payments: Select I paid an extra $ and enter the additional amount to apply toward the principal each month.

• One-time payment: Select I made a one time payment of $ and enter the lump sum amount and date.

Choose one option and enter your values. Then select See Results to update the chart and schedule.

View the results

The tool displays a graph and a summary to help you compare payoff timelines.

• Projected Payoff: The green line shows your current balance over time. A second line appears if your what-if result is different.

• Current Payoff Schedule: Shows your projected payoff date, interest this year, and total projected interest.

• What-If Schedule: If applicable, shows the revised payoff date and interest with your changes.

Use the Current Schedule and What-If Schedule toggles to switch between the results.

Note
The What If Tool does not change your actual loan payment. To make extra payments, update your loan reminder or register entry.

Note
The What If Tool is not available for loans where you are the lender.