Loan Payment Calculator

Calculate your payment and see how extra
payments reduce interest and time to pay off.
Loan amount
25,000
Loan interest rate
5.00%
X
Input Error: Interest Rate
Enter a value between and %.
Amortization (in months)
60
X
Input Error: Amortization
The maximum value you can enter is 360.
In years
5.00
Loan payment
471.78
Extra monthly payment
100.00
Total payment
571.78
Regular Payment
$471.78
Higher Payment
$571.78
Time to Pay Off 5.0 yrs 4.0 yrs
Total Interest $3307 $2656




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Assumptions
The loan interest rate is compounded monthly.

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