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Loan Payment

Calculate payment amount, total interest, payoff timing, and the effect of extra payments on a fixed-rate loan. Compare two loan scenarios side by side.

Estimates only — not financial advice.

1Input Details

Scenario A

%

Optional. Used to calculate the payoff date.

Cumulative principal vs interest
PrincipalInterest

How it works

How to use

  • Enter amount borrowed, annual rate, term, payments per year, and optional extra principal each period.
  • Add a loan start date if you want an estimated payoff calendar date.
  • Use compare mode to contrast two loans (rate, term, or extra payment).

How it works

The periodic payment solves the standard fixed-rate amortization (PMT) formula. Total paid is payment × number of periods (plus extras if any). With extra payments, the schedule shortens and interest saved is versus the no-extra baseline.