Loan Payment Calculator
Any fixed-rate loan — mortgage, auto, personal: the true monthly payment and what the loan costs over its life.
—Monthly payment
—Total interest
—Total paid
| After year | Remaining balance | Principal paid |
|---|
Standard amortization: fixed monthly payment, interest computed on the remaining balance each month (APR ÷ 12). Excludes taxes, insurance and fees. Educational tool — not individualized advice.
Why early payments feel useless
In an amortized loan, early payments are mostly interest — the balance barely moves for years, then principal payoff accelerates. The milestone table above shows that curve on your real numbers. It's also why extra principal payments early in the term punch far above their weight.