How to use it
- 01Enter the loan amount, the yearly interest rate and the term in months.
- 02Read the monthly payment, the total paid and the total interest.
- 03Check how each month splits into principal and interest in the schedule.
What you get: a monthly payment and a payment schedule.
Runs in your browser. Nothing you type is sent anywhere.
Monthly payment
10,046.21
Total paid
120,554.50
Total interest
20,554.50
| Mo. | Principal | Interest | Balance |
|---|---|---|---|
| 1 | 7,046.21 | 3,000.00 | 92,953.79 |
| 2 | 7,257.59 | 2,788.61 | 85,696.20 |
| 3 | 7,475.32 | 2,570.89 | 78,220.87 |
| 12 | 9,753.60 | 292.61 | 0.00 |
Tips
- Compare offers by their total cost, fees included, not only by the monthly payment.
- Try a shorter term: the monthly payment rises, but the total interest usually falls.
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