Loan Calculator

Monthly loan payment, total interest, and full amortization schedule.

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Summary
Monthly payment
Total of payments
Total interest paid
Interest as % of loan
Payoff in
Amortization schedule
#PaymentPrincipalInterestBalance

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.