Simple Loan Calculator

Enter values
Loan amount

Annual interest rate

7,500.00
8.970%

Loan period in years

Start date of loan

5/1/2012

Monthly payment

238.39

Number of payments

No.

36

Total interest

1,082.16

Total cost of loan

8,582.16

Payment
Date

Beginning
Balance

Payment

Principal

Interest

Ending Balance

6/1/2012

7,500.00

238.39

182.33

56.06

7,317.67

7/1/2012

7,317.67

238.39

183.69

54.70

7,133.98

8/1/2012

7,133.98

238.39

185.07

53.33

6,948.91

9/1/2012

6,948.91

238.39

186.45

51.94

6,762.46

10/1/2012

6,762.46

238.39

187.84

50.55

6,574.61

11/1/2012

6,574.61

238.39

189.25

49.15

6,385.37

12/1/2012

6,385.37

238.39

190.66

47.73

6,194.70

1/1/2013

6,194.70

238.39

192.09

46.31

6,002.62

2/1/2013

6,002.62

238.39

193.52

44.87

5,809.09

10

3/1/2013

5,809.09

238.39

194.97

43.42

5,614.12

11

4/1/2013

5,614.12

238.39

196.43

41.97

5,417.69

12

5/1/2013

5,417.69

238.39

197.90

40.50

5,219.80

13

6/1/2013

5,219.80

238.39

199.38

39.02

5,020.42

14

7/1/2013

5,020.42

238.39

200.87

37.53

4,819.56

15

8/1/2013

4,819.56

238.39

202.37

36.03

4,617.19

16

9/1/2013

4,617.19

238.39

203.88

34.51

4,413.31

17

10/1/2013

4,413.31

238.39

205.40

32.99

4,207.91

18

11/1/2013

4,207.91

238.39

206.94

31.45

4,000.97

19

12/1/2013

4,000.97

238.39

208.49

29.91

3,792.48

20

1/1/2014

3,792.48

238.39

210.04

28.35

3,582.44

21

2/1/2014

3,582.44

238.39

211.61

26.78

3,370.82

22

3/1/2014

3,370.82

238.39

213.20

25.20

3,157.63

23

4/1/2014

3,157.63

238.39

214.79

23.60

2,942.84

24

5/1/2014

2,942.84

238.39

216.40

22.00

2,726.44

25

6/1/2014

2,726.44

238.39

218.01

20.38

2,508.43

26

7/1/2014

2,508.43

238.39

219.64

18.75

2,288.78

27

8/1/2014

2,288.78

238.39

221.28

17.11

2,067.50

No.

Payment
Date

Beginning
Balance

Payment

Principal

Interest

Ending Balance

28

9/1/2014

2,067.50

238.39

222.94

15.45

1,844.56

29

10/1/2014

1,844.56

238.39

224.61

13.79

1,619.96

30

11/1/2014

1,619.96

238.39

226.28

12.11

1,393.67

31

12/1/2014

1,393.67

238.39

227.98

10.42

1,165.70

32

1/1/2015

1,165.70

238.39

229.68

8.71

936.02

33

2/1/2015

936.02

238.39

231.40

7.00

704.62

34

3/1/2015

704.62

238.39

233.13

5.27

471.49

35

4/1/2015

471.49

238.39

234.87

3.52

236.62

36

5/1/2015

236.62

238.39

236.62

1.77

0.00

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Interest

Ending Balance

No.

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Ending Balance

No.

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Ending Balance

No.

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Ending Balance

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Date

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Ending Balance

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Payment
Date

Beginning
Balance

Payment

Principal

Interest

Ending Balance

No.

Payment
Date

Beginning
Balance

Payment

Principal

Interest

Ending Balance


56.06

110.76

164.09

216.03

266.58

315.73

363.46

409.76

454.63

498.05

540.02

580.52

619.54

657.06

693.09

727.60

760.59

792.05

821.95

850.30

877.08

902.28

925.88

947.88

968.26

987.01
1,004.12

1,019.57
1,033.36
1,045.47
1,055.89
1,064.60
1,071.60
1,076.87
1,080.39
1,082.16