Personal Loan Calculator
The Personal Loan Calculator is a tool that helps you understand your loan payments. You input the loan amount, interest rate, and loan term (in years and months). The calculator then provides your monthly payment, the total amount you'll pay over the loan term, and the total interest you'll pay. Additionally, it shows detailed schedules of how your loan balance decreases over time, both annually and monthly, breaking down each payment into interest and principal components.
Amortization Yearly Schedule
The table below shows yearly Schedule.
| Year | Interest | Principal | Ending Balance |
| 1 | $ 1,853.93 | $ 3,245.36 | $ 16,754.64 |
| 2 | $ 1,514.10 | $ 3,585.19 | $ 13,169.44 |
| 3 | $ 1,138.68 | $ 3,960.61 | $ 9,208.83 |
| 4 | $ 723.95 | $ 4,375.34 | $ 4,833.49 |
| 5 | $ 265.80 | $ 4,833.49 | $ -0.00 |
Amortization Monthly Schedule
The table below shows Monthly Schedule.
| Month | Interest | Principal | Ending Balance |
| 1 | $ 166.67 | $ 258.27 | $ 19,741.73 |
| 2 | $ 164.51 | $ 260.43 | $ 19,481.30 |
| 3 | $ 162.34 | $ 262.60 | $ 19,218.70 |
| 4 | $ 160.16 | $ 264.79 | $ 18,953.92 |
| 5 | $ 157.95 | $ 266.99 | $ 18,686.93 |
| 6 | $ 155.72 | $ 269.22 | $ 18,417.71 |
| 7 | $ 153.48 | $ 271.46 | $ 18,146.25 |
| 8 | $ 151.22 | $ 273.72 | $ 17,872.53 |
| 9 | $ 148.94 | $ 276.00 | $ 17,596.52 |
| 10 | $ 146.64 | $ 278.30 | $ 17,318.22 |
| 11 | $ 144.32 | $ 280.62 | $ 17,037.60 |
| 12 | $ 141.98 | $ 282.96 | $ 16,754.64 |
| End of year 1 | |||
| 13 | $ 139.62 | $ 285.32 | $ 16,469.32 |
| 14 | $ 137.24 | $ 287.70 | $ 16,181.62 |
| 15 | $ 134.85 | $ 290.09 | $ 15,891.53 |
| 16 | $ 132.43 | $ 292.51 | $ 15,599.02 |
| 17 | $ 129.99 | $ 294.95 | $ 15,304.07 |
| 18 | $ 127.53 | $ 297.41 | $ 15,006.66 |
| 19 | $ 125.06 | $ 299.89 | $ 14,706.78 |
| 20 | $ 122.56 | $ 302.38 | $ 14,404.39 |
| 21 | $ 120.04 | $ 304.90 | $ 14,099.49 |
| 22 | $ 117.50 | $ 307.45 | $ 13,792.04 |
| 23 | $ 114.93 | $ 310.01 | $ 13,482.03 |
| 24 | $ 112.35 | $ 312.59 | $ 13,169.44 |
| End of year 2 | |||
| 25 | $ 109.75 | $ 315.20 | $ 12,854.25 |
| 26 | $ 107.12 | $ 317.82 | $ 12,536.43 |
| 27 | $ 104.47 | $ 320.47 | $ 12,215.95 |
| 28 | $ 101.80 | $ 323.14 | $ 11,892.81 |
| 29 | $ 99.11 | $ 325.83 | $ 11,566.98 |
| 30 | $ 96.39 | $ 328.55 | $ 11,238.43 |
| 31 | $ 93.65 | $ 331.29 | $ 10,907.14 |
| 32 | $ 90.89 | $ 334.05 | $ 10,573.09 |
| 33 | $ 88.11 | $ 336.83 | $ 10,236.26 |
| 34 | $ 85.30 | $ 339.64 | $ 9,896.62 |
| 35 | $ 82.47 | $ 342.47 | $ 9,554.16 |
| 36 | $ 79.62 | $ 345.32 | $ 9,208.83 |
| End of year 3 | |||
| 37 | $ 76.74 | $ 348.20 | $ 8,860.63 |
| 38 | $ 73.84 | $ 351.10 | $ 8,509.53 |
| 39 | $ 70.91 | $ 354.03 | $ 8,155.50 |
| 40 | $ 67.96 | $ 356.98 | $ 7,798.52 |
| 41 | $ 64.99 | $ 359.95 | $ 7,438.57 |
| 42 | $ 61.99 | $ 362.95 | $ 7,075.62 |
| 43 | $ 58.96 | $ 365.98 | $ 6,709.64 |
| 44 | $ 55.91 | $ 369.03 | $ 6,340.61 |
| 45 | $ 52.84 | $ 372.10 | $ 5,968.51 |
| 46 | $ 49.74 | $ 375.20 | $ 5,593.31 |
| 47 | $ 46.61 | $ 378.33 | $ 5,214.98 |
| 48 | $ 43.46 | $ 381.48 | $ 4,833.49 |
| End of year 4 | |||
| 49 | $ 40.28 | $ 384.66 | $ 4,448.83 |
| 50 | $ 37.07 | $ 387.87 | $ 4,060.96 |
| 51 | $ 33.84 | $ 391.10 | $ 3,669.87 |
| 52 | $ 30.58 | $ 394.36 | $ 3,275.51 |
| 53 | $ 27.30 | $ 397.65 | $ 2,877.86 |
| 54 | $ 23.98 | $ 400.96 | $ 2,476.90 |
| 55 | $ 20.64 | $ 404.30 | $ 2,072.60 |
| 56 | $ 17.27 | $ 407.67 | $ 1,664.93 |
| 57 | $ 13.87 | $ 411.07 | $ 1,253.87 |
| 58 | $ 10.45 | $ 414.49 | $ 839.38 |
| 59 | $ 6.99 | $ 417.95 | $ 421.43 |
| 60 | $ 3.51 | $ 421.43 | $ -0.00 |
| End of year 5 | |||