Loan Payment Calculator
Estimate your monthly payment, total cost, and how the balance shrinks over time on any fixed-rate loan.
Monthly Payment
$495
Total Paid
$29,702
Total Interest
$4,702
Balance Over Time
How Loan Payments Work
Fixed-rate loans use amortization: every payment is the same dollar amount, but the split between principal and interest changes month by month. Early in the loan, most of the payment goes to interest. Late in the loan, most goes to principal.
Tip: Refinance The Math, Not The Loan
Before refinancing, plug your new rate and remaining term here — the savings only matter after closing costs.