Loan Payment Calculator
%

Monthly Payment*

$100.00

*Excludes any extra payments

Total Payments**

$5,493.53

Extra Payments (45.39%)
$2,493.47
Principal (45.63%)
$2,506.53
Interest (8.98%)
$493.53
**Includes regular and any extra payments paid during the length of the Loan
For a max monthly payment of $100, your interest rate should be
7.421%
With a monthly extra payment of $83.12 starting July 2021, your Loan will be paid off in 2 years and 6 months, saving $506.59 in interest.
To payoff the loan by January 2024, you should have a monthly extra payment of
$83.12
starting July 2021
# Month Principal Interest Balance