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Loan Calculator — Monthly Payments, APR & Amortization

Calculate monthly payments, total interest, and total cost for any personal or business loan. Includes a full amortization schedule with extra payment savings.

✓ Formula verified: January 2026For informational purposes only

Loan Calculator

Results below

Enter Values

$
%
Monthly Payment
$500.95

Total Interest Paid

▼ $5,056.92

Total Cost of Loan (Principal + Interest)

$30,056.92

Interest as % of Total Cost

16.8%

Loan Term

5 years (60 payments)

What if your loan amount changes? $22500 → $450.85 · $25000 → $500.95 · $27500 → $551.04

Scenario Comparison

Conservative (5%)
$16,470.09
$6,470.09 interest
Your scenario (7%)
$20,096.61
$10,096.61 interest
Aggressive (10%)
$27,070.41
$17,070.41 interest
High-risk (14%)
$40,224.71
$30,224.71 interest
Best return
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Amortization Schedule

Balance Over Time

$0$8K$15K$23K$30K05BalanceCumulative InterestYear
Balance
Cumulative Interest

Loan Amount

$25,000

Total Interest

$5,057

Extra Payment Savings
$

Interest Saved

$1,014

Time Saved

11 mo

New Payoff

Jul 2030

OriginalWith Extra
Monthly Payment$500.95$600.95
Total Interest$5,057$4,043
Total Payments$30,057$29,043
Payoff DateJun 2031Jul 2030
Loan Term5 yr4 yr 1 mo

Payoff Comparison

$0$8K$15K$23K$30K05Year
Original Balance
New Balance
Original Interest
New Interest
6 years
YearInterestPrincipalBalance
1$1,048$2,459$22,541
2$1,539$4,472$18,069
3$1,192$4,820$13,249
4$818$5,194$8,055
5$414$5,597$2,458
6$46$2,458—

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