Loan Payment Calculator
%

Monthly Payment*

$106.24

*Excludes any extra payments

Total Payments**

$6,374.11

Extra Payments (0%)
$0.00
Principal (78.44%)
$5,000.00
Interest (21.56%)
$1,374.11
**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 $0 starting November 2024, your Loan will be paid off in 5 years, saving $0 in interest.
To payoff the loan by May 2027, you should have a monthly extra payment of
$82.83
starting November 2024
# Month Principal Interest Balance