| Mortgage Payment | Loan Payment | Car Payment | Credit Card Payment | Home Equity | Extra Payment | Biweekly Payment |
Payment calculator is a tool to calculate the monthly payment for any loan or debt. The monthly loan payment calculator generates an amortization schedule that shows your payment details such as the interest and remaining balance.
Loan Payment Calculator |
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Loan Amount: |
$18,500.00 | ||||
Monthly Payment: |
$303.55 | ||||
Total # Of Payments: |
72 | ||||
Start Date: |
Nov, 2024 | ||||
Payoff Date: |
Oct, 2030 | ||||
Total Interest Paid: |
$3,355.69 | ||||
Total Payment: |
$21,855.69 | ||||
Payment Amortization Schedule |
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| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance |
|---|---|---|---|---|---|
| Nov, 2024 | 1 | $87.10 | $216.45 | $303.55 | $18,283.55 |
| Dec, 2024 | 2 | $86.09 | $217.47 | $303.55 | $18,066.09 |
| Jan, 2025 | 3 | $85.06 | $218.49 | $303.55 | $17,847.60 |
| Feb, 2025 | 4 | $84.03 | $219.52 | $303.55 | $17,628.08 |
| Mar, 2025 | 5 | $83.00 | $220.55 | $303.55 | $17,407.53 |
| Apr, 2025 | 6 | $81.96 | $221.59 | $303.55 | $17,185.93 |
| May, 2025 | 7 | $80.92 | $222.63 | $303.55 | $16,963.30 |
| Jun, 2025 | 8 | $79.87 | $223.68 | $303.55 | $16,739.62 |
| Jul, 2025 | 9 | $78.82 | $224.74 | $303.55 | $16,514.88 |
| Aug, 2025 | 10 | $77.76 | $225.79 | $303.55 | $16,289.09 |
| Sep, 2025 | 11 | $76.69 | $226.86 | $303.55 | $16,062.23 |
| Oct, 2025 | 12 | $75.63 | $227.92 | $303.55 | $15,834.31 |
| Nov, 2025 | 13 | $74.55 | $229.00 | $303.55 | $15,605.31 |
| Dec, 2025 | 14 | $73.48 | $230.08 | $303.55 | $15,375.23 |
| Jan, 2026 | 15 | $72.39 | $231.16 | $303.55 | $15,144.07 |
| Feb, 2026 | 16 | $71.30 | $232.25 | $303.55 | $14,911.83 |
| Mar, 2026 | 17 | $70.21 | $233.34 | $303.55 | $14,678.49 |
| Apr, 2026 | 18 | $69.11 | $234.44 | $303.55 | $14,444.05 |
| May, 2026 | 19 | $68.01 | $235.54 | $303.55 | $14,208.50 |
| Jun, 2026 | 20 | $66.90 | $236.65 | $303.55 | $13,971.85 |
| Jul, 2026 | 21 | $65.78 | $237.77 | $303.55 | $13,734.08 |
| Aug, 2026 | 22 | $64.66 | $238.89 | $303.55 | $13,495.19 |
| Sep, 2026 | 23 | $63.54 | $240.01 | $303.55 | $13,255.18 |
| Oct, 2026 | 24 | $62.41 | $241.14 | $303.55 | $13,014.04 |
| Nov, 2026 | 25 | $61.27 | $242.28 | $303.55 | $12,771.77 |
| Dec, 2026 | 26 | $60.13 | $243.42 | $303.55 | $12,528.35 |
| Jan, 2027 | 27 | $58.99 | $244.56 | $303.55 | $12,283.78 |
| Feb, 2027 | 28 | $57.84 | $245.72 | $303.55 | $12,038.07 |
| Mar, 2027 | 29 | $56.68 | $246.87 | $303.55 | $11,791.20 |
| Apr, 2027 | 30 | $55.52 | $248.03 | $303.55 | $11,543.16 |
| May, 2027 | 31 | $54.35 | $249.20 | $303.55 | $11,293.96 |
| Jun, 2027 | 32 | $53.18 | $250.38 | $303.55 | $11,043.59 |
| Jul, 2027 | 33 | $52.00 | $251.55 | $303.55 | $10,792.03 |
| Aug, 2027 | 34 | $50.81 | $252.74 | $303.55 | $10,539.29 |
| Sep, 2027 | 35 | $49.62 | $253.93 | $303.55 | $10,285.36 |
| Oct, 2027 | 36 | $48.43 | $255.12 | $303.55 | $10,030.24 |
| Nov, 2027 | 37 | $47.23 | $256.33 | $303.55 | $9,773.91 |
| Dec, 2027 | 38 | $46.02 | $257.53 | $303.55 | $9,516.38 |
| Jan, 2028 | 39 | $44.81 | $258.74 | $303.55 | $9,257.64 |
| Feb, 2028 | 40 | $43.59 | $259.96 | $303.55 | $8,997.67 |
| Mar, 2028 | 41 | $42.36 | $261.19 | $303.55 | $8,736.49 |
| Apr, 2028 | 42 | $41.13 | $262.42 | $303.55 | $8,474.07 |
| May, 2028 | 43 | $39.90 | $263.65 | $303.55 | $8,210.42 |
| Jun, 2028 | 44 | $38.66 | $264.89 | $303.55 | $7,945.52 |
| Jul, 2028 | 45 | $37.41 | $266.14 | $303.55 | $7,679.38 |
| Aug, 2028 | 46 | $36.16 | $267.39 | $303.55 | $7,411.99 |
| Sep, 2028 | 47 | $34.90 | $268.65 | $303.55 | $7,143.33 |
| Oct, 2028 | 48 | $33.63 | $269.92 | $303.55 | $6,873.42 |
| Nov, 2028 | 49 | $32.36 | $271.19 | $303.55 | $6,602.23 |
| Dec, 2028 | 50 | $31.09 | $272.47 | $303.55 | $6,329.76 |
| Jan, 2029 | 51 | $29.80 | $273.75 | $303.55 | $6,056.01 |
| Feb, 2029 | 52 | $28.51 | $275.04 | $303.55 | $5,780.98 |
| Mar, 2029 | 53 | $27.22 | $276.33 | $303.55 | $5,504.64 |
| Apr, 2029 | 54 | $25.92 | $277.63 | $303.55 | $5,227.01 |
| May, 2029 | 55 | $24.61 | $278.94 | $303.55 | $4,948.07 |
| Jun, 2029 | 56 | $23.30 | $280.25 | $303.55 | $4,667.82 |
| Jul, 2029 | 57 | $21.98 | $281.57 | $303.55 | $4,386.24 |
| Aug, 2029 | 58 | $20.65 | $282.90 | $303.55 | $4,103.34 |
| Sep, 2029 | 59 | $19.32 | $284.23 | $303.55 | $3,819.11 |
| Oct, 2029 | 60 | $17.98 | $285.57 | $303.55 | $3,533.54 |
| Nov, 2029 | 61 | $16.64 | $286.91 | $303.55 | $3,246.63 |
| Dec, 2029 | 62 | $15.29 | $288.26 | $303.55 | $2,958.36 |
| Jan, 2030 | 63 | $13.93 | $289.62 | $303.55 | $2,668.74 |
| Feb, 2030 | 64 | $12.57 | $290.99 | $303.55 | $2,377.75 |
| Mar, 2030 | 65 | $11.20 | $292.36 | $303.55 | $2,085.40 |
| Apr, 2030 | 66 | $9.82 | $293.73 | $303.55 | $1,791.67 |
| May, 2030 | 67 | $8.44 | $295.12 | $303.55 | $1,496.55 |
| Jun, 2030 | 68 | $7.05 | $296.50 | $303.55 | $1,200.05 |
| Jul, 2030 | 69 | $5.65 | $297.90 | $303.55 | $902.15 |
| Aug, 2030 | 70 | $4.25 | $299.30 | $303.55 | $602.84 |
| Sep, 2030 | 71 | $2.84 | $300.71 | $303.55 | $302.13 |
| Oct, 2030 | 72 | $1.42 | $302.13 | $303.55 | $0.00 |
Whether you are getting a personal loan, car loan, or a home mortgage, chances are that you will need to apply for a loan. Once you are approved for the loan, you will get a lump sum to help purchase a car or a house, you will then be required to make monthly payments to pay back your lender plus interest.
Our payment calculator will help you know the exact monthly and total costs of getting a loan. The payment calculator shows you how much you will pay each month based on the loan amount, interest rate, and loan terms. Knowing how much a loan cost helps you better prepare your finances and avoid costly loans and marketing scams and tricks from unethical lenders.
The payment calculator generates a payment amortization schedule that shows the monthly payment breakdown. Your monthly payment will include both principal and interest. You will know how long it takes to pay off your loan, and the remaining balance at any point.
While the default payment calculator does not have an option for extra payments, our extra payment calculator has built-in functionality for additional principal payments that allow borrowers to pay more each month and save money on interest.
The biweekly payment calculator allows borrowers to calculate for biweekly payments which is another type of extra payment to allow borrowers to pay off their loan faster and hence save money on interest.
Our interest-only payment calculator gives borrowers the ability to calculate for interest-only loans. Interest-only are loans that allow the borrower to make lower interest-only payments initially for a predetermined period, usually a few years. After the initial period is over, the borrower is required to make large monthly payments that include principal and interest.
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