Debt
Loan Calculator
A $25,000 loan at 9% over 5 years runs about $519 a month. Over the life of the loan you pay $6,138 in interest, so it costs $31,138 all told.
Set your own amount, rate and length below. Works for a personal loan, a car, or anything with a fixed monthly payment.
$519
a month
You borrow$25,000
Interest over the loan−$6,138
Total you repay$31,138
Balance over time
| Year | Balance left |
|---|---|
| 1 | $20,854 |
| 2 | $16,320 |
| 3 | $11,360 |
| 4 | $5,934 |
| 5 | $0 |
Every payment is the same, but early on most of it is interest. As the balance falls, more of each payment chips away at what you owe. Not financial advice.
Common questions
How is a loan payment worked out?
A fixed loan spreads the balance and interest into equal monthly payments. At the start most of each payment is interest, and later more goes to the balance.