Total Interest Over Loan Term

$10000

Loan Payment
Calculator
Loan Amount
Loan Term
The length of time to pay off the loan in full.
Interest Rate
Variable interest rate. Interest rate may fluctuate over the loan term.
Payment Frequency
Monthly: One loan payment each month.
Semi-Monthly: Two loan payments each month.
Bi-Weekly: One loan payment every two weeks.
Weekly: One loan payment every week.
Your Monthly Payment
$108.88
Interest rate: 5%
Loan Term: 5 Years
Loan Amount
$5,000.00
Total Interest over Loan Term
$5,000.00
Total Paid over Loan Term
$5,000.00
Period
Principal
+
Interest
=
Payment
Outstanding Balance
Start
$5,500.00
1
$447.87
$32.33
$102.46
$4,160.95
Variable loan rates may fluctuate over the loan term therefore actual interest costs may vary. For calculation purposes, the variable interest rate is assumed to remain constant over the loan term.
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