Loan Calculator
Monthly loan payment, total interest, and full amortization schedule.
Loan details
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Summary
Monthly payment
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Total of payments—
Total interest paid—
Interest as % of loan—
Payoff in—
Amortization schedule
| # | Payment | Principal | Interest | Balance |
|---|
How loan amortization works
Each payment covers the month's interest first, with the remainder reducing your principal. Early payments are mostly interest. Extra payments early in the loan dramatically reduce total interest paid.