Compare loan payment methods

See monthly principal, interest and balance for a fixed-rate loan. Estimate loan wey get fixed rate, equal principal payments and interest wey dey reduce.

Di fixed annual rate dey divided by 12 and equal scheduled monthly payments dey assumed; fees, tax and insurance no dey included. Monthly interest and payment dey rounded to two decimal places; di last payment dey adjusted to clear di balance. Rounding fit make di loan finish early.

Every month interest na the remaining principal times the yearly rate divided by 12. We round principal and interest to two decimal places and share remaining small units among the first payments. Fees, insurance and rate changes no dey inside.

Loan repayment schedule · Equal principal loan calculator