Loan Payment Calculator

For a fixed rate loan (360 month maximum)

No $ sign $17,777.00 Amount of money borrowed $548.90 Monthly payment
No % sign 7 Annual interest rate. Example: 8.5% = 8.5 $1,983.48 Total interest paid
36 Number of monthly payments $19,760.48 Total amount repaid
Enter 1 - 12 7 Month first payment due. Example May = 5 3 Year Loan
No $ sign Desired Additional Money Paid Monthly

Pmnt Beginning Interest Principal Ending Total Principal Total Interest End of Year
# Balance Payment Payment Balance Paid to Date Paid to Date Totals

Jul 1 $17,777.00 $103.70 $445.20 $17,331.80 $445.20 $103.70

Aug 2 $17,331.80 $101.10 $447.80 $16,884.00 $893.00 $204.80 Principle
Sep 3 $16,884.00 $98.49 $450.41 $16,433.58 $1,343.42 $303.29 $2,710.48
Oct 4 $16,433.58 $95.86 $453.04 $15,980.55 $1,796.45 $399.15 Interest
Nov 5 $15,980.55 $93.22 $455.68 $15,524.86 $2,252.14 $492.37 $582.94
Dec 6 $15,524.86 $90.56 $458.34 $15,066.52 $2,710.48 $582.94 End of year 1
Jan 7 $15,066.52 $87.89 $461.01 $14,605.51 $3,171.49 $670.82
Feb 8 $14,605.51 $85.20 $463.70 $14,141.81 $3,635.19 $756.02
Mar 9 $14,141.81 $82.49 $466.41 $13,675.40 $4,101.60 $838.52
Apr 10 $13,675.40 $79.77 $469.13 $13,206.27 $4,570.73 $918.29
May 11 $13,206.27 $77.04 $471.87 $12,734.40 $5,042.60 $995.33
Jun 12 $12,734.40 $74.28 $474.62 $12,259.78 $5,517.22 $1,069.61
Jul 13 $12,259.78 $71.52 $477.39 $11,782.40 $5,994.60 $1,141.13
Aug 14 $11,782.40 $68.73 $480.17 $11,302.23 $6,474.77 $1,209.86 Principal
Sep 15 $11,302.23 $65.93 $482.97 $10,819.25 $6,957.75 $1,275.79 $5,713.16
Oct 16 $10,819.25 $63.11 $485.79 $10,333.46 $7,443.54 $1,338.90 Interest
Nov 17 $10,333.46 $60.28 $488.62 $9,844.84 $7,932.16 $1,399.18 $873.67
Dec 18 $9,844.84 $57.43 $491.47 $9,353.37 $8,423.63 $1,456.60 End of year 2
Jan 19 $9,353.37 $54.56 $494.34 $8,859.03 $8,917.97 $1,511.17
Feb 20 $8,859.03 $51.68 $497.22 $8,361.80 $9,415.20 $1,562.84
Mar 21 $8,361.80 $48.78 $500.12 $7,861.68 $9,915.32 $1,611.62
Apr 22 $7,861.68 $45.86 $503.04 $7,358.63 $10,418.37 $1,657.48
May 23 $7,358.63 $42.93 $505.98 $6,852.66 $10,924.34 $1,700.41
Jun 24 $6,852.66 $39.97 $508.93 $6,343.73 $11,433.27 $1,740.38
Jul 25 $6,343.73 $37.01 $511.90 $5,831.83 $11,945.17 $1,777.38
Aug 26 $5,831.83 $34.02 $514.88 $5,316.95 $12,460.05 $1,811.40 Principal
Sep 27 $5,316.95 $31.02 $517.89 $4,799.06 $12,977.94 $1,842.42 $6,126.16
Oct 28 $4,799.06 $27.99 $520.91 $4,278.15 $13,498.85 $1,870.41 Interest
Nov 29 $4,278.15 $24.96 $523.95 $3,754.21 $14,022.79 $1,895.37 $460.66
Dec 30 $3,754.21 $21.90 $527.00 $3,227.20 $14,549.80 $1,917.27 End of year 3
Jan 31 $3,227.20 $18.83 $530.08 $2,697.13 $15,079.87 $1,936.09
Feb 32 $2,697.13 $15.73 $533.17 $2,163.96 $15,613.04 $1,951.83
Mar 33 $2,163.96 $12.62 $536.28 $1,627.68 $16,149.32 $1,964.45
Apr 34 $1,627.68 $9.49 $539.41 $1,088.27 $16,688.73 $1,973.95
May 35 $1,088.27 $6.35 $542.55 $545.72 $17,231.28 $1,980.29
Jun 36 $545.72 $3.18 $545.72 $0.00 $17,777.00 $1,983.48

Principal
$3,227.20
Interest
$66.21
End of year 4

1$ = Rs.45 Down payment: Rs. 1,89,820