If you have not made any extra payments on your loan, this is the original term less the number of monthly payments that have been made. If you have made any extra payments, you can find the period remaining by clicking here and entering your current balance, rate, and monthly payment. Make sure the payment is principal and interest only. (click yellow icon again to make this pop-up disappear)On old loans, the period remaining equals the original term less the number of monthly payments you have made, provided you have not made any prepayments. If you have made prepayments, go to calculator 7a, enter the payment and derive the current term.This item is optional. If you want to know your interest payments for the remainder of the first year, indicate the number of monthly payments you will be making in the first year. The program will default to a full year (12 payments).