Begin with the loan terms
In Payoff, add a loan with its principal, APR, term in months and start date. Give it a recognizable name so you can find it again. The loan detail compares a monthly baseline with the scenario you select and lets you inspect the amortization schedule.
The planner uses the terms you enter. Check them against your own loan information before comparing scenarios. Creating a loan here does not apply for credit, connect to a lender or make a payment.
Change one assumption and inspect the result
A scenario can change the payment frequency and Extra Per Payment, beginning at an Effective Date. You can also use Set Target Payoff to enter a target in years and months, or Include Lump Sum to model a payment at a specified payment number.
Penniva shows a live preview while you edit. Saved scenarios can be compared with the baseline using estimated payoff dates, payment amounts, interest and time differences. The remaining-balance chart and amortization schedule explain how the model arrives at its result.
These are per-loan scenarios. The feature does not claim to choose a repayment order across your debts or automatically move money between them.
Build a comparison
- Open Payoff and choose Add your first loan, or add another loan to your list. Enter and check its terms.
- Open the loan and choose Add Scenario. Give the scenario a name that describes the change you are considering.
- Set the frequency, effective date and extra payment, or explore a target payoff or lump sum. Review the Live Preview before saving.
- Select the scenario in Loan Detail and compare it with the baseline. Open Amortization Schedule to inspect the payment rows.
For example, compare an “Extra $50 each month” scenario with your baseline while keeping the other assumptions the same. The difference is an estimate based on those inputs.
Understand the model’s limits
The planner uses periodic-rate amortization by payment frequency. Escrow, taxes and insurance are not included. Actual lender calculations, fees, payment timing or changes in terms can produce a different outcome. Compare any proposed change with your lender’s terms before acting on it.
Use your budget to consider whether a modeled payment fits alongside other costs. Saving a scenario records a planning choice; it does not mean that payment has happened. Record actual payments through your normal transaction or recurring-item workflow.
Creating and editing payoff plans is a Pro feature in 1.1, with access preserved for eligible founders. Existing financial records remain readable if Pro ends. Penniva is a tracking and planning tool, not a financial, lending or credit service.