Work out foreclosure charges instantly with clear inputs, formula shown and shareable results.
Foreclosing a loan early avoids all remaining interest but may trigger a penalty on the outstanding principal. Comparing the future interest that disappears with the charge shows whether closing early is worthwhile.
Net benefit
Net = (EMI × n - B) - B × charge%
Figures are estimates. Lenders apply their own rounding, fees and eligibility rules, and rates change. This is not financial advice — confirm the numbers with your lender.
Many regulators bar them on floating-rate loans to individuals. Fixed-rate and business loans commonly still carry them.
Only if the loan rate beats what the cash could safely earn after tax, and after keeping an emergency buffer.