Calculate your monthly payments, total interest, and see how additional payments can save you money and time.
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Principal + Interest over the life of the loan
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Total cost of borrowing
This calculator uses the standard amortization formula to determine your regular payment amount. Each payment is applied first to the interest due and then to the principal balance.
Making additional payments can significantly reduce the total interest paid and shorten your loan term. Even small extra payments, when made consistently, can save you thousands over the life of your loan.