Loan Interest Calculator

Estimate monthly payment, total interest, and total repayment across common loan repayment methods.

Loan inputs

Compare monthly payment and interest by repayment method.

Estimated monthly payment

$497

Total interest

$4,844

Total repayment

$29,844

First to last payment

$497 / $497

Equal principal usually lowers total interest but starts with a higher payment. Interest-only loans defer principal and create a larger final payment.

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How repayment method changes interest

Fixed monthly payment keeps the payment stable. Equal principal pays more principal early and usually reduces total interest. Interest-only loans keep early payments low but leave the principal for the final payment.

What to compare before borrowing

Compare both monthly affordability and total interest. A lower early payment can be useful for cash flow, but total repayment may be meaningfully higher.