Loan calculation amount

Loan calculation amount - Calculation of loan installment amount

Loan 1000 over 25 Years, Interest Rate 3.5%, Calculate total principal and interest.
Loan Amount Dollar
Loan Terms
Loan Terms Months
Interest Rate %
First Payment Date
 

Equal principal and interest repayment method

Total loan amount  $ 1000
Repayment months  300 Months
Monthly repayment  $ 5.01
Repayment characteristics  The monthly repayment amount is equal. 
Total interest amount  $ 501.87
Total principal and interest  $ 1501.87


Equal principal repayment method

Total loan amount  $ 1000
Repayment months  300 Months
First month repayment amount  $ 6.25
Monthly decreasing  $ 0.01
Total interest amount  $ 438.96
Total principal and interest  $ 1438.96
Save interest  $ 62.91



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