mlo.MY LOANS
ONLINE
THE CALCULATION DESK

Make the numbers tangible.

Three tools for fixed-rate installment loans. Enter hypothetical amounts to explore a payment schedule.

Use the contractual interest rate, not an APR that includes fees. Fixed rate, monthly interest, end-of-month payments. No fees or penalties in this model.
Regular monthly payment—
Total interest—
Total repaid—

Payment schedule

First 12 payments, or all payments if the term is shorter
MonthPaymentInterestPrincipalBalance

What the estimates assume

The model divides the annual interest rate by 12 and calculates equal monthly payments on a declining balance. It rounds each payment and monthly interest amount to cents, adjusts the final payment and applies any extra amount to principal after interest. It assumes no missed payments, changes in rate or additional charges. Daily-interest contracts and lender rounding practices can produce different results.

Extra payments are assumed to begin with the first payment. Check how your lender handles them and whether a prepayment charge applies. A calculator estimate is not an offer, an approval or a statement of the balance you owe. The comparison includes only the separately paid fees you enter, not tax effects, insurance or other unlisted costs.

The calculations happen in this browser. Downloading a schedule creates a CSV file on your device; its values are not submitted to this website.