Loan Payment Calculator
Calculate your payment and see how extrapayments reduce interest and time to pay off.
|
|
|
25,000
|
|
5.00%
Input Error: Interest Rate
Enter a value between and %. |
|
60
Input Error: Amortization
The maximum value you can enter is 360. |
| In years |
5.00
|
|
|
| Loan payment |
471.78
|
|
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 |
Assumptions
The loan interest rate is compounded monthly.
Disclaimer
The loan interest rate is compounded monthly.
Disclaimer
Calculate your payment and see how extra payments reduce interest and time to pay off.