Loan Payment Calculator
Estimate your monthly payments, total interest, and payoff schedule for personal loans.
Loan Details
Max 50 years
Estimated Monthly Payment
$301.96
Total Principal$10,000
Total Interest$870.52
Payoff Time3.0 Years
Total Cost$10,870.52
Balance Over Time
Loading chart...
Amortization Schedule
| Mo | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $301.96 | $256.13 | $45.83 | $9,744 |
| 2 | $301.96 | $257.30 | $44.66 | $9,487 |
| 3 | $301.96 | $258.48 | $43.48 | $9,228 |
| 4 | $301.96 | $259.66 | $42.30 | $8,968 |
| 5 | $301.96 | $260.85 | $41.11 | $8,708 |
| 6 | $301.96 | $262.05 | $39.91 | $8,446 |
| 7 | $301.96 | $263.25 | $38.71 | $8,182 |
| 8 | $301.96 | $264.46 | $37.50 | $7,918 |
| 9 | $301.96 | $265.67 | $36.29 | $7,652 |
| 10 | $301.96 | $266.89 | $35.07 | $7,385 |
| 11 | $301.96 | $268.11 | $33.85 | $7,117 |
| 12 | $301.96 | $269.34 | $32.62 | $6,848 |
| 13 | $301.96 | $270.57 | $31.39 | $6,577 |
| 14 | $301.96 | $271.81 | $30.15 | $6,305 |
| 15 | $301.96 | $273.06 | $28.90 | $6,032 |
| 16 | $301.96 | $274.31 | $27.65 | $5,758 |
| 17 | $301.96 | $275.57 | $26.39 | $5,482 |
| 18 | $301.96 | $276.83 | $25.13 | $5,206 |
| 19 | $301.96 | $278.10 | $23.86 | $4,928 |
| 20 | $301.96 | $279.37 | $22.58 | $4,648 |
| 21 | $301.96 | $280.65 | $21.30 | $4,368 |
| 22 | $301.96 | $281.94 | $20.02 | $4,086 |
| 23 | $301.96 | $283.23 | $18.73 | $3,802 |
| 24 | $301.96 | $284.53 | $17.43 | $3,518 |
| 25 | $301.96 | $285.84 | $16.12 | $3,232 |
| 26 | $301.96 | $287.15 | $14.81 | $2,945 |
| 27 | $301.96 | $288.46 | $13.50 | $2,656 |
| 28 | $301.96 | $289.78 | $12.18 | $2,367 |
| 29 | $301.96 | $291.11 | $10.85 | $2,075 |
| 30 | $301.96 | $292.45 | $9.51 | $1,783 |
| 31 | $301.96 | $293.79 | $8.17 | $1,489 |
| 32 | $301.96 | $295.13 | $6.83 | $1,194 |
| 33 | $301.96 | $296.49 | $5.47 | $898 |
| 34 | $301.96 | $297.84 | $4.11 | $600 |
| 35 | $301.96 | $299.21 | $2.75 | $301 |
| 36 | $301.96 | $300.58 | $1.38 | $0 |
Understanding This Loan Payment Calculator
This calculator helps you estimate your monthly loan payment, total interest paid, and the time required to fully pay off your personal loan. It uses your loan amount, APR, loan term, and any extra monthly payments to compute an accurate amortization schedule.
Key Factors
- Interest Rate (APR):APR includes both the interest rate and applicable lender fees. A lower APR typically results in lower borrowing costs over time.
- Extra Payments:Adding even small extra monthly payments can significantly reduce total interest and shorten your payoff timeline.
- Loan Term:Shorter terms result in higher monthly payments but far less interest paid over the life of the loan.
Important Disclaimer
This tool provides estimates based on your inputs. Actual results may vary due to lender terms, compounding methods, or fees. Always review your loan documentation before making financial decisions.