What you can pay monthly toward the settlement amount
Full Payoff Path
6yr 8mo
$48,000 total paid
Settlement Path
2yr 8mo
$12,800 total paid
$23,000
Paying full balance over time
$12,500
50% reduction
$35,200
vs paying full balance
2yr 8mo
48 months sooner
By settling at $12,500 and paying $400/mo, you could be debt-free in 2yr 8mo — saving $35,200 compared to the standard payoff path.