Loan Repayment Calculator
Plan your loan payments with detailed amortization schedules. See exactly how much of each payment goes toward principal and interest, and track your remaining balance over time.
Loan Details
Payment Summary
Enter your loan details and click "Calculate Repayment Schedule" to see results.
How the Loan Repayment Calculator Works
Our loan repayment calculator creates a detailed amortization schedule that shows exactly how your loan payments are applied over time. Each payment is split between principal (the amount you borrowed) and interest (the cost of borrowing).
Understanding the Amortization Schedule
- Payment Amount: Your fixed monthly payment (stays the same throughout the loan)
- Principal: The portion of your payment that reduces the loan balance
- Interest: The portion of your payment that goes to the lender as profit
- Remaining Balance: How much you still owe after each payment
Key Insights
- Early in the loan, most of your payment goes toward interest
- As the loan progresses, more of each payment goes toward principal
- Making extra payments can significantly reduce your total interest paid
- Refinancing to a lower rate can save money over the life of the loan
This calculator helps you understand the true cost of borrowing and plan your payments accordingly. Use it to compare different loan terms and interest rates to find the best option for your situation.