Loan Calculator

Inputs Key Figures

Loan principal amount $25,000.00 Annual loan payments $5,730.36
Annual interest rate 5.500% Monthly payments $477.53
Loan period in years 5 Interest in first calendar year $227.50
Base year of l 2008 Interest over term of loan $3,651.80
Base month of loan Nov Sum of all payments $28,651.80

Payments in First 12 Months

Beginning Cumulative Cumulative Ending
Year Month Payment Principal Interest
Balance Principal Interest Balance
Nov $25,000.00 $477.53 $362.95 $114.58 $362.95 $114.58 $24,637.05
Dec $24,637.05 $477.53 $364.61 $112.92 $727.56 $227.50 $24,272.44
2009 Jan $24,272.44 $477.53 $366.28 $111.25 $1,093.84 $338.75 $23,906.16
Feb $23,906.16 $477.53 $367.96 $109.57 $1,461.80 $448.32 $23,538.20
Mar $23,538.20 $477.53 $369.65 $107.88 $1,831.45 $556.20 $23,168.55
Apr $23,168.55 $477.53 $371.34 $106.19 $2,202.79 $662.39 $22,797.21
May $22,797.21 $477.53 $373.04 $104.49 $2,575.83 $766.88 $22,424.17
Jun $22,424.17 $477.53 $374.75 $102.78 $2,950.58 $869.66 $22,049.42
Jul $22,049.42 $477.53 $376.47 $101.06 $3,327.05 $970.72 $21,672.95
Aug $21,672.95 $477.53 $378.20 $99.33 $3,705.25 $1,070.05 $21,294.75
Sep $21,294.75 $477.53 $379.93 $97.60 $4,085.18 $1,167.65 $20,914.82
Oct $20,914.82 $477.53 $381.67 $95.86 $4,466.85 $1,263.51 $20,533.15

Yearly Schedule of Balances and Payments

Beginning Cumulative Cumulative Ending
Year Payment Principal Interest
Balance Principal Interest Balance
2009 $24,272.44 $5,730.36 $4,507.83 $1,222.53 $5,235.39 $1,450.03 $19,764.61
2010 $19,764.61 $5,730.36 $4,762.16 $968.20 $9,997.55 $2,418.23 $15,002.45
2011 $15,002.45 $5,730.36 $5,030.79 $699.57 $15,028.34 $3,117.80 $9,971.66
2012 $9,971.66 $5,730.36 $5,314.56 $415.80 $20,342.90 $3,533.60 $4,657.10
2013 $4,657.10 $4,775.30 $4,657.10 $118.20 $25,000.00 $3,651.80 $0.00