If you pay off part of the debt with a reduction in the payment amount, it is still advantageous, since you are reducing the principal debt on which interest is accrued. But, unlike the previous scheme, the loan term remains unchanged. This means that a one-time payment with a reduction in the payment will be less advantageous than the same payment with a reduction in the term. To illustrate, let's take the same example as in the previous point.
If you make a payment of 100,000 ₽ exactly one month after taking out the loan, the consequences will be as follows:
the payment will be reduced by 1,491.26 ₽ (from 44,793.22 ₽ to 43,301.96 ₽);
the overpayment will decrease by 79,231.20 ₽.
If you contribute the same amount after a year, the jordan mobile database benefit decreases as in the previous scheme:
the payment will be reduced by 1,576.39 ₽;
the overpayment will decrease by 69,957.21 ₽.
The same conditions exactly 9 years after the loan is issued will give the following result:
the payment will be reduced by 9,121.1 ₽;
the overpayment will decrease by 7,007.48 ₽.
If you make a one-time payment, it is more profitable to reduce the loan term, as this significantly reduces overpayments. But the scheme with reduced payments has an important advantage - a reduced burden on the budget. The less you need to pay monthly, the less likely the delay, which leads to unexpected overpayments (fines, penalties) and worsens the credit history.
How to pay your mortgage better: choosing a scheme
We've looked at how early repayment works with one-time payments, but in practice, things are more complicated. If you make such payments regularly, it may be convenient to first reduce the payment amount, and then shorten the term.