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FTF Finance / Borrowing

Loan payment calculator

Estimate your scheduled payment, explore extra payments, or choose a custom monthly amount. Compare payoff times, interest costs, and a detailed repayment schedule.

Your loan

Compare scheduled, extra, and custom payments.

Changes denomination, not exchange value.

USD

Amount borrowed, excluding separately paid fees.

%

Enter 6 for 6%. Not a fee-inclusive APR.

Sets the original scheduled-payment baseline.

Estimated repayment

Scheduled monthly payment

USD 483.32

Original scheduled payment: USD 483.32. Projected payoff in 60 payments. The final payment may differ.

Total interest

USD 3,999.23

Total repaid

USD 28,999.23

Payoff duration

5 years

Final payment

USD 483.35

What makes up the repayment?

Principal: 86.2%Interest: 13.8%

Payments and monthly interest are rounded to currency precision. Excludes fees, penalties, taxes, and insurance. Actual lender calculations may differ.

Amortization schedule

Selected scenario. All amounts in USD. Showing up to 12 payments per page.

Monthly payments, principal, interest, and remaining balance in USD.
MonthPaymentPrincipalInterestBalance
1USD 483.32USD 358.32USD 125.00USD 24,641.68
2USD 483.32USD 360.11USD 123.21USD 24,281.57
3USD 483.32USD 361.91USD 121.41USD 23,919.66
4USD 483.32USD 363.72USD 119.60USD 23,555.94
5USD 483.32USD 365.54USD 117.78USD 23,190.40
6USD 483.32USD 367.37USD 115.95USD 22,823.03
7USD 483.32USD 369.20USD 114.12USD 22,453.83
8USD 483.32USD 371.05USD 112.27USD 22,082.78
9USD 483.32USD 372.91USD 110.41USD 21,709.87
10USD 483.32USD 374.77USD 108.55USD 21,335.10
11USD 483.32USD 376.64USD 106.68USD 20,958.46
12USD 483.32USD 378.53USD 104.79USD 20,579.93

Choose how you want to pay

Scheduled payment
Calculates a regular monthly payment using the original loan term. The final installment is adjusted to clear the remaining balance.
Scheduled payment + extra
Adds your chosen extra amount to the scheduled payment each month. Compare the resulting payoff duration and interest with the original schedule.
Custom monthly payment
Uses your chosen total payment to project the payoff duration. A custom payment equal to the scheduled payment uses the same original-term final adjustment. Other custom amounts are projected for up to 100 years. Lower payments may not satisfy your loan agreement.

How this estimate works

The calculator assumes a fixed nominal annual interest rate, divided by 12 for the monthly rate. Payments occur at month-end, beginning one month after the loan starts.

Each payment covers monthly interest first. The remainder reduces principal. Extra amounts are assumed to reduce principal in the same month.

Regular payments and monthly interest are rounded to the selected currency's minor unit. Balances and totals are tracked in those integer units. For positive amounts, halfway values are rounded upward.

Scheduled scenarios settle any remaining balance at the original maturity. The final installment may therefore be slightly higher or lower than the regular payment. A warning appears if the adjustment is unusually large.

Custom payments must exceed the first month's rounded interest. Projections that cannot repay within 100 years are shown as unsupported, not as completed payoff schedules.

Enter the interest rate, not a fee-inclusive APR. Origination fees, insurance, taxes, late charges, and prepayment penalties are excluded. Check your agreement for payment-allocation rules and early-payoff restrictions.

Currency selection changes denomination and formatting, not exchange value. Amounts use commas for grouping and a decimal point.

Actual lenders may use different interest-accrual, rounding, and payment-allocation methods. This model is an illustration, not an exact lender payoff calculation.

Educational illustration only. Not a loan offer, lender payoff quote, or personalized financial advice.