Loan Interest Calculator

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Loan Amount:

Annual Interest Rate (%):

Loan Term (years):

Compound Period: Annually (1/year) Semi-annually (2/year) Quarterly (4/year) Monthly (12/year) Semi-monthly (24/year) Bi-weekly (26/year) Weekly (52/year) Daily (365/year)

Results

Payment per Period

$1,910.12

Loan Details

Loan Amount	$100,000.00
Nominal Annual Rate	5.50%
Effective Annual Rate	5.64%
Payments per Year	12
Payback Ratio	1.15x the principal
50% Principal Payback Period	2.8 years (33 payments)
Total of Payments	$114,606.97
Total Interest	$14,606.97

Year-by-Year Breakdown

Year	Principal Paid	Interest Paid	Remaining Balance
1	$17,867.34	$5,054.06	$82,132.66
2	$18,875.20	$4,046.20	$63,257.47
3	$19,939.91	$2,981.49	$43,317.56
4	$21,064.67	$1,856.72	$22,252.89
5	$22,252.89	$668.51	$0.00

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