Printed from dollarloanz.com/calculators/extra-payment. Dollar Loans LLC d/b/a Dollar Loanz.

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The cost studio

Where an extra payment goes

The cost studio

Where an extra payment actually goes

Both outcomes, side by side, before you send a cent — the schedule as signed, and the schedule with a little more on it each month. It opens with an extra already in place so you can see the difference before you decide there is one.

Two plans, same shape

Plan A and plan B, laid out identically

Neither plan is bigger, warmer or higher up than the other. A comparison that flatters one side before you have read it is not a comparison.

Your agreement

Amount$2,800

Extra each month$1,000

On top of the scheduled payment, every month, starting with the first.

$1,000 a month finishes it in 2 instead of 6, and keeps $2,892.87.

You would pay $2,189.88 a month and close it out in month 2 with a final payment of $2,056.55. The last payment is trimmed to the balance — you never overpay it, and there is no penalty for finishing early.

Plan A

Stick to the schedule

You pay each month: Monthly payment: $1,189.88
Until: Month 6
Finance charge: Finance charge: $4,339.30
Total handed back: Total handed back: $7,139.30

Plan B

Add $1,000 each month

You pay each month: Monthly payment: $2,189.88
Until: Month 2
Finance charge: Finance charge: $1,446.43
Total handed back: Total handed back: $4,246.43

Difference in total

$2,892.87

Plan B costs less

Months removed

Finishes in month 2

Final payment on plan B

$2,056.55

Trimmed to the balance, never rounded up

Annual percentage rateThe annual percentage rate will be printed here once our way of calculating it has been checked. The dollar figures above are this example's cost.

For $2,800 over 6 months on the schedule, plan A.

Tell us before you send it

An extra payment only shortens the agreement if it is applied to the balance rather than held as a credit toward the next installment. Say so when you send it and it is applied straight to the balance — same money, different outcome.

Start an application See it as a payoff instead

The part nobody explains

Why a small extra sometimes changes nothing at all

This is the single most common misunderstanding about paying ahead on a monthly-fee product, and it is worth reading.

The fee is charged by the month, not by the day

Dollar Loans LLC charges an arranging fee worked out on the amount advanced, for each month the agreement runs. So an extra payment saves you money at the exact moment it removes a whole month from the agreement — and not a cent before that. Fifty dollars a month on a four-month agreement will leave you ahead on the balance and pay precisely the same finance charge.

Say what the money is for

An overpayment can be applied to the balance or held as a credit toward your next installment. Only the first one shortens the agreement. Tell us which you want when you send it and there is nothing else to it — same money, different outcome, and we would rather you got the one you meant.

Paying early

There is no prepayment penalty.

Who charges what

An arranging fee for each month the agreement runs, charged by Dollar Loans LLC, plus interest for the whole term, charged by S2 Funding LLC, both worked out on the amount advanced. Each is shown in dollars before you sign.

How the annual percentage rate is put together

The annual percentage rate counts our fee and S2 Funding LLC's interest as one yearly figure, worked out by the actuarial method Regulation Z sets out. Until our way of calculating it has been checked, this site prints the dollar figures and leaves the rate out. S2 Funding LLC's interest on its own is not the cost of this agreement.

Where these figures come from

Every rate, fee and bound in this studio is read from our published terms. Texas credit access business registration: not yet issued. The full fee schedule is on the disclosure page, and the regulator for credit access businesses is the Office of Consumer Credit Commissioner. Wording effective 14 September 2026.

If you can comfortably put a large amount aside every month, a shorter term at the outset costs less than paying a longer one down early. The instrument shows every term side by side, so the difference is plain.

Keep going

The rest of the studio

Each one opens with these same two numbers already in it.

Pay ahead whenever you like. It costs nothing to do.

Start an application, and clear it whenever suits you.

Start an application See it as a payoff

Who you are dealing with, and what it costs

Dollar Loans LLCCredit Access Business: Arranges the funding and charges the Credit Access Business fee, worked out on the amount advanced for each month the agreement runs.
S2 Funding LLCLender of record: Advances the funds and charges interest on the amount advanced, for the whole term. That interest is S2 Funding LLC's part only, and it is not the total cost of credit.

Registration status

Texas credit access business registration: not yet issued

Check our registration status with the Office of Consumer Credit Commissioner

Regulator

Office of Consumer Credit Commissioner
2601 North Lamar Boulevard, Austin, TX 78705

Consumer helpline (800) 538-1579

Fee structure: An arranging fee for each month the agreement runs, charged by Dollar Loans LLC, plus interest for the whole term, charged by S2 Funding LLC, both worked out on the amount advanced. Each is shown in dollars before you sign.
Annual percentage rate: The annual percentage rate counts our fee and S2 Funding LLC's interest as one yearly figure, worked out by the actuarial method Regulation Z sets out. Until our way of calculating it has been checked, this site prints the dollar figures and leaves the rate out. S2 Funding LLC's interest on its own is not the cost of this agreement.
Your right to cancel: You may cancel by midnight of the third calendar day after you sign, at no cost. You return the amount advanced and owe nothing further.
Paying early: There is no prepayment penalty.

$2,000 to $50,000. The amount depends on the vehicle and your application. Full fee schedule at /occc. These disclosures are effective September 14, 2026.

The cost studio

Where an extra payment goes

The cost studio

Where an extra payment actually goes

Two plans, same shape

Plan A and plan B, laid out identically

Neither plan is bigger, warmer or higher up than the other. A comparison that flatters one side before you have read it is not a comparison.

Your agreement

Amount$2,800

Extra each month$1,000

On top of the scheduled payment, every month, starting with the first.

$1,000 a month finishes it in 2 instead of 6, and keeps $2,892.87.

Plan A

Stick to the schedule

You pay each month: Monthly payment: $1,189.88
Until: Month 6
Finance charge: Finance charge: $4,339.30
Total handed back: Total handed back: $7,139.30

Plan B

Add $1,000 each month

You pay each month: Monthly payment: $2,189.88
Until: Month 2
Finance charge: Finance charge: $1,446.43
Total handed back: Total handed back: $4,246.43

Difference in total

$2,892.87

Plan B costs less

Months removed

Finishes in month 2

Final payment on plan B

$2,056.55

Trimmed to the balance, never rounded up

Annual percentage rateThe annual percentage rate will be printed here once our way of calculating it has been checked. The dollar figures above are this example's cost.

For $2,800 over 6 months on the schedule, plan A.

Tell us before you send it

Start an application See it as a payoff instead

The part nobody explains

Why a small extra sometimes changes nothing at all

This is the single most common misunderstanding about paying ahead on a monthly-fee product, and it is worth reading.

The fee is charged by the month, not by the day

Say what the money is for

Paying early

There is no prepayment penalty.

Who charges what

How the annual percentage rate is put together

Where these figures come from

Keep going

The rest of the studio

Each one opens with these same two numbers already in it.

Pay ahead whenever you like. It costs nothing to do.

Start an application, and clear it whenever suits you.

Start an application See it as a payoff

Who you are dealing with, and what it costs

Dollar Loans LLCCredit Access Business: Arranges the funding and charges the Credit Access Business fee, worked out on the amount advanced for each month the agreement runs.
S2 Funding LLCLender of record: Advances the funds and charges interest on the amount advanced, for the whole term. That interest is S2 Funding LLC's part only, and it is not the total cost of credit.

Registration status

Texas credit access business registration: not yet issued

Check our registration status with the Office of Consumer Credit Commissioner

Regulator

Office of Consumer Credit Commissioner
2601 North Lamar Boulevard, Austin, TX 78705

Consumer helpline (800) 538-1579

Fee structure: An arranging fee for each month the agreement runs, charged by Dollar Loans LLC, plus interest for the whole term, charged by S2 Funding LLC, both worked out on the amount advanced. Each is shown in dollars before you sign.
Annual percentage rate: The annual percentage rate counts our fee and S2 Funding LLC's interest as one yearly figure, worked out by the actuarial method Regulation Z sets out. Until our way of calculating it has been checked, this site prints the dollar figures and leaves the rate out. S2 Funding LLC's interest on its own is not the cost of this agreement.
Your right to cancel: You may cancel by midnight of the third calendar day after you sign, at no cost. You return the amount advanced and owe nothing further.
Paying early: There is no prepayment penalty.

$2,000 to $50,000. The amount depends on the vehicle and your application. Full fee schedule at /occc. These disclosures are effective September 14, 2026.