Loan Payment Calculator

Calculate your payment or loan amount and see how extra payments reduce interest and time to pay off.
Loan 1
Loan 2
Payment frequency
Loan amount
25,000
25,000
Interest rate
5.00%
5.00%
X
 Input Error: Interest Rate

The maximum value you can enter is 40%.
Term (in months)
60
60
X
 Input Error: Amortization

The maximum value you can enter is 360.
Term (in years)
5.00
5.00
Loan payment
471.78
471.78
Extra payment
0.00
0.00
Total payment
571.78
571.78
Regular Payment
$471.78 		Higher Payment
$571.78
Time to Pay Off 5.0 yrs 4.0 yrs
Total Interest $3307 $2656


Expand Payment Schedule
Expand Payment Schedule

 
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