💳Loan Payment Calculator

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Calculate monthly payment, total interest, payoff time, and amortization. Supports extra payments and different payment frequencies.

⚙️Inputs
Loan amount
APR (%)
Term (years)
Payments / year
Extra payment (each period)
Start date (optional)
📊Results
Scheduled payment
$1,461.48
Total interest
$188,442.64
Total paid
$438,444.00
Months to payoff
300 (300 baseline)
Interest saved (vs no extra)
$0.00
📋Amortization
#PaymentExtraPrincipalInterestBalance
1$1,461.48$0.00$419.81$1,041.67$249,580.19
2$1,461.48$0.00$421.56$1,039.92$249,158.63
3$1,461.48$0.00$423.31$1,038.16$248,735.32
4$1,461.48$0.00$425.08$1,036.40$248,310.24
5$1,461.48$0.00$426.85$1,034.63$247,883.39
6$1,461.48$0.00$428.63$1,032.85$247,454.77
7$1,461.48$0.00$430.41$1,031.06$247,024.35
8$1,461.48$0.00$432.21$1,029.27$246,592.14
9$1,461.48$0.00$434.01$1,027.47$246,158.14
10$1,461.48$0.00$435.82$1,025.66$245,722.32
11$1,461.48$0.00$437.63$1,023.84$245,284.69
12$1,461.48$0.00$439.46$1,022.02$244,845.23
Showing first 12 periods. Download CSV to view the full schedule.
How this tool works
1
Enter loan details
Input the loan amount, APR, term in years, payment frequency, and optional extra payments.
2
View results
See the scheduled payment, total interest, total paid, payoff time, and interest saved from extra payments.
3
Review amortization
Examine the first 12 periods of the amortization schedule showing payment breakdown.
4
Download schedule
Click "Download CSV" to export the complete amortization schedule for analysis.