Loan Calculator

Calculate monthly loan payments with interest. See amortization schedule and total cost.

Loan Calculator

Calculate monthly payments, total interest, and amortization schedule

Loan Details

Calculation Results

Monthly Payment
$856.07
Total Payment
$10272.90
Total Interest
$272.90
Loan Amount:$10000.00
Interest Rate:5% APR
Loan Term:12 months

Amortization Schedule (First Year)

MonthPaymentPrincipalInterestBalance
1$856.07$814.41$41.67$9185.59
2$856.07$817.80$38.27$8367.79
3$856.07$821.21$34.87$7546.58
4$856.07$824.63$31.44$6721.95
5$856.07$828.07$28.01$5893.88
6$856.07$831.52$24.56$5062.37
7$856.07$834.98$21.09$4227.39
8$856.07$838.46$17.61$3388.92
9$856.07$841.95$14.12$2546.97
10$856.07$845.46$10.61$1701.51
11$856.07$848.99$7.09$852.52
12$856.07$852.52$3.55$0.00