See every payment broken down into principal and interest — and how extra payments save you money.
Loan Details
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Monthly Payment
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Total Interest
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Total Cost
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Payoff Date
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Extra Payment Savings: By paying an extra $0/month, you'll pay off 0 months earlier and save $0 in interest.
Amortization Schedule — First 24 Months
Month
Payment
Principal
Interest
Balance
How amortization works: Each payment is split between interest (charged on the remaining balance) and principal (reduces what you owe). Early in the loan, most of your payment goes to interest. Over time, as the balance falls, more goes to principal — this is why extra payments early in a loan have an outsized effect.