Simple loan calculator

Loan amount $ 5,000.00

Annual interest rate 5.50%
Loan period in years 5
Start date of loan 2/4/2024

Monthly payment $ 95.51

Number of payments 60
Total interest $ 730.35
Total cost of loan $ 5,730.35

No. Payment date Beginning balance Payment Principal Interest Ending balance

1 3/4/2024 $ 5,000.00 $ 95.51 $ 72.59 $ 22.92 $ 4,927.41

2 4/4/2024 $ 4,927.41 $ 95.51 $ 72.92 $ 22.58 $ 4,854.49

3 5/4/2024 $ 4,854.49 $ 95.51 $ 73.26 $ 22.25 $ 4,781.23

4 6/4/2024 $ 4,781.23 $ 95.51 $ 73.59 $ 21.91 $ 4,707.64

5 7/4/2024 $ 4,707.64 $ 95.51 $ 73.93 $ 21.58 $ 4,633.71

6 8/4/2024 $ 4,633.71 $ 95.51 $ 74.27 $ 21.24 $ 4,559.44

7 9/4/2024 $ 4,559.44 $ 95.51 $ 74.61 $ 20.90 $ 4,484.84

8 10/4/2024 $ 4,484.84 $ 95.51 $ 74.95 $ 20.56 $ 4,409.89

9 11/4/2024 $ 4,409.89 $ 95.51 $ 75.29 $ 20.21 $ 4,334.59

10 12/4/2024 $ 4,334.59 $ 95.51 $ 75.64 $ 19.87 $ 4,258.95

11 1/4/2025 $ 4,258.95 $ 95.51 $ 75.99 $ 19.52 $ 4,182.97

12 2/4/2025 $ 4,182.97 $ 95.51 $ 76.33 $ 19.17 $ 4,106.63

13 3/4/2025 $ 4,106.63 $ 95.51 $ 76.68 $ 18.82 $ 4,029.95

14 4/4/2025 $ 4,029.95 $ 95.51 $ 77.04 $ 18.47 $ 3,952.91

15 5/4/2025 $ 3,952.91 $ 95.51 $ 77.39 $ 18.12 $ 3,875.53

16 6/4/2025 $ 3,875.53 $ 95.51 $ 77.74 $ 17.76 $ 3,797.78

17 7/4/2025 $ 3,797.78 $ 95.51 $ 78.10 $ 17.41 $ 3,719.68

18 8/4/2025 $ 3,719.68 $ 95.51 $ 78.46 $ 17.05 $ 3,641.23

19 9/4/2025 $ 3,641.23 $ 95.51 $ 78.82 $ 16.69 $ 3,562.41

No. Payment date Beginning balance Payment Principal Interest Ending balance

20 10/4/2025 $ 3,562.41 $ 95.51 $ 79.18 $ 16.33 $ 3,483.23

21 11/4/2025 $ 3,483.23 $ 95.51 $ 79.54 $ 15.96 $ 3,403.69

22 12/4/2025 $ 3,403.69 $ 95.51 $ 79.91 $ 15.60 $ 3,323.78

23 1/4/2026 $ 3,323.78 $ 95.51 $ 80.27 $ 15.23 $ 3,243.51

24 2/4/2026 $ 3,243.51 $ 95.51 $ 80.64 $ 14.87 $ 3,162.87

25 3/4/2026 $ 3,162.87 $ 95.51 $ 81.01 $ 14.50 $ 3,081.86

26 4/4/2026 $ 3,081.86 $ 95.51 $ 81.38 $ 14.13 $ 3,000.48

27 5/4/2026 $ 3,000.48 $ 95.51 $ 81.75 $ 13.75 $ 2,918.73

28 6/4/2026 $ 2,918.73 $ 95.51 $ 82.13 $ 13.38 $ 2,836.60

29 7/4/2026 $ 2,836.60 $ 95.51 $ 82.50 $ 13.00 $ 2,754.10

30 8/4/2026 $ 2,754.10 $ 95.51 $ 82.88 $ 12.62 $ 2,671.21

31 9/4/2026 $ 2,671.21 $ 95.51 $ 83.26 $ 12.24 $ 2,587.95

32 10/4/2026 $ 2,587.95 $ 95.51 $ 83.64 $ 11.86 $ 2,504.31

33 11/4/2026 $ 2,504.31 $ 95.51 $ 84.03 $ 11.48 $ 2,420.28

34 12/4/2026 $ 2,420.28 $ 95.51 $ 84.41 $ 11.09 $ 2,335.87

35 1/4/2027 $ 2,335.87 $ 95.51 $ 84.80 $ 10.71 $ 2,251.07

36 2/4/2027 $ 2,251.07 $ 95.51 $ 85.19 $ 10.32 $ 2,165.88

37 3/4/2027 $ 2,165.88 $ 95.51 $ 85.58 $ 9.93 $ 2,080.30

38 4/4/2027 $ 2,080.30 $ 95.51 $ 85.97 $ 9.53 $ 1,994.33

39 5/4/2027 $ 1,994.33 $ 95.51 $ 86.37 $ 9.14 $ 1,907.96

40 6/4/2027 $ 1,907.96 $ 95.51 $ 86.76 $ 8.74 $ 1,821.20

41 7/4/2027 $ 1,821.20 $ 95.51 $ 87.16 $ 8.35 $ 1,734.04

42 8/4/2027 $ 1,734.04 $ 95.51 $ 87.56 $ 7.95 $ 1,646.49

43 9/4/2027 $ 1,646.49 $ 95.51 $ 87.96 $ 7.55 $ 1,558.53

44 10/4/2027 $ 1,558.53 $ 95.51 $ 88.36 $ 7.14 $ 1,470.16

45 11/4/2027 $ 1,470.16 $ 95.51 $ 88.77 $ 6.74 $ 1,381.40

46 12/4/2027 $ 1,381.40 $ 95.51 $ 89.17 $ 6.33 $ 1,292.22

47 1/4/2028 $ 1,292.22 $ 95.51 $ 89.58 $ 5.92 $ 1,202.64

48 2/4/2028 $ 1,202.64 $ 95.51 $ 89.99 $ 5.51 $ 1,112.64

49 3/4/2028 $ 1,112.64 $ 95.51 $ 90.41 $ 5.10 $ 1,022.24

50 4/4/2028 $ 1,022.24 $ 95.51 $ 90.82 $ 4.69 $ 931.42

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No. Payment date Beginning balance Payment Principal Interest Ending balance

51 5/4/2028 $ 931.42 $ 95.51 $ 91.24 $ 4.27 $ 840.18

52 6/4/2028 $ 840.18 $ 95.51 $ 91.65 $ 3.85 $ 748.53

53 7/4/2028 $ 748.53 $ 95.51 $ 92.08 $ 3.43 $ 656.45

54 8/4/2028 $ 656.45 $ 95.51 $ 92.50 $ 3.01 $ 563.95

55 9/4/2028 $ 563.95 $ 95.51 $ 92.92 $ 2.58 $ 471.03

56 10/4/2028 $ 471.03 $ 95.51 $ 93.35 $ 2.16 $ 377.69

57 11/4/2028 $ 377.69 $ 95.51 $ 93.77 $ 1.73 $ 283.91

58 12/4/2028 $ 283.91 $ 95.51 $ 94.20 $ 1.30 $ 189.71

59 1/4/2029 $ 189.71 $ 95.51 $ 94.64 $ 0.87 $ 95.07

60 2/4/2029 $ 95.07 $ 95.51 $ 95.07 $ 0.44 $ (0.00)

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