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Calculate loan payments, total interest, and payment breakdowns
Enter loan details to calculate payments
Amount: $300,000
Rate: 3.5%
Term: 30 years
Amount: $25,000
Rate: 4.2%
Term: 5 years
Amount: $10,000
Rate: 8.5%
Term: 3 years
Amount: $50,000
Rate: 5.0%
Term: 10 years
Uses the standard loan payment formula: PMT = P × [r(1+r)^n] / [(1+r)^n - 1] where P is principal, r is periodic rate, and n is number of payments.
Early payments consist mostly of interest. Over time, more of each payment goes toward principal as the outstanding balance decreases.