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Loan Calculator

Calculate monthly payments, total interest and generate a full amortization schedule for any loan.

Monthly payment

Before extra contributions

$489.15

With extra: $589.15

Total interest

Over the life of the loan

$3,483.78$865.44 saved
Payoff timeline

Last scheduled payment

Jan 2030

11 months faster than minimum payments

Total paid

Principal + interest + extras

$28,483.78

Extra contributions: $4,800.00

Balance trajectory
Track how your loan balance falls month by month. A steeper drop means interest costs shrink faster.

First payment

$589.15

Interest first year

$1,459.82

Principal paid

100%

Amortization schedule
Each row shows the split between interest and principal, plus how extra payments accelerate payoff.
MonthDatePaymentInterestPrincipalExtraBalance
1Jan 2026$589.15$135.42$353.74$100.00$24,546.26
2Feb 2026$589.15$132.96$356.19$100.00$24,090.07
3Mar 2026$589.15$130.49$358.67$100.00$23,631.40
4Apr 2026$589.15$128.00$361.15$100.00$23,170.25
5May 2026$589.15$125.51$363.65$100.00$22,706.60
6Jun 2026$589.15$122.99$366.16$100.00$22,240.44
7Jul 2026$589.15$120.47$368.68$100.00$21,771.76
8Aug 2026$589.15$117.93$371.22$100.00$21,300.54
9Sep 2026$589.15$115.38$373.78$100.00$20,826.76
10Oct 2026$589.15$112.81$376.34$100.00$20,350.42
11Nov 2026$589.15$110.23$378.92$100.00$19,871.50
12Dec 2026$589.15$107.64$381.52$100.00$19,389.98
13Jan 2027$589.15$105.03$384.12$100.00$18,905.86
14Feb 2027$589.15$102.41$386.75$100.00$18,419.11
15Mar 2027$589.15$99.77$389.38$100.00$17,929.72
16Apr 2027$589.15$97.12$392.03$100.00$17,437.69
17May 2027$589.15$94.45$394.70$100.00$16,942.99
18Jun 2027$589.15$91.77$397.38$100.00$16,445.61
19Jul 2027$589.15$89.08$400.07$100.00$15,945.54
20Aug 2027$589.15$86.37$402.78$100.00$15,442.76
21Sep 2027$589.15$83.65$405.51$100.00$14,937.25
22Oct 2027$589.15$80.91$408.24$100.00$14,429.01
23Nov 2027$589.15$78.16$411.00$100.00$13,918.01
24Dec 2027$589.15$75.39$413.76$100.00$13,404.25
25Jan 2028$589.15$72.61$416.55$100.00$12,887.70
26Feb 2028$589.15$69.81$419.35$100.00$12,368.35
27Mar 2028$589.15$67.00$422.16$100.00$11,846.19
28Apr 2028$589.15$64.17$424.99$100.00$11,321.21
29May 2028$589.15$61.32$427.83$100.00$10,793.38
30Jun 2028$589.15$58.46$430.69$100.00$10,262.69
31Jul 2028$589.15$55.59$433.56$100.00$9,729.12
32Aug 2028$589.15$52.70$436.45$100.00$9,192.67
33Sep 2028$589.15$49.79$439.36$100.00$8,653.31
34Oct 2028$589.15$46.87$442.28$100.00$8,111.03
35Nov 2028$589.15$43.93$445.22$100.00$7,565.81
36Dec 2028$589.15$40.98$448.17$100.00$7,017.64
37Jan 2029$589.15$38.01$451.14$100.00$6,466.50
38Feb 2029$589.15$35.03$454.13$100.00$5,912.37
39Mar 2029$589.15$32.03$457.13$100.00$5,355.24
40Apr 2029$589.15$29.01$460.15$100.00$4,795.09
41May 2029$589.15$25.97$463.18$100.00$4,231.91
42Jun 2029$589.15$22.92$466.23$100.00$3,665.68
43Jul 2029$589.15$19.86$469.30$100.00$3,096.38
44Aug 2029$589.15$16.77$472.38$100.00$2,524.00
45Sep 2029$589.15$13.67$475.48$100.00$1,948.52
46Oct 2029$589.15$10.55$478.60$100.00$1,369.92
47Nov 2029$589.15$7.42$481.73$100.00$788.19
48Dec 2029$589.15$4.27$484.88$100.00$203.30
49Jan 2030$204.41$1.10$203.30—$0.00
Payoff strategy tips
Practical adjustments you can make right now to shrink interest charges and finish sooner.
  • Every $100.00 extra each month saves about $865.44 in interest.
  • Highest interest month is your first payment at $135.42. Any extra paid now has outsized impact.
  • You're on track to finish 11 months earlier than the standard amortization. Consider redirecting freed-up cash toward investments once paid off.

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