Loan Payment Simulator

How to Use This Simulator

This loan payment simulator helps you understand the true cost of loans and mortgages. It calculates your monthly payments and shows you how much of your total payment goes toward interest versus principal.

• Adjust the Loan Amount to set the principal amount you're borrowing
• Set the Interest Rate based on current market rates or your offered rate
• Change the Loan Term to see how different repayment periods affect your payments

The calculator will automatically update to show your monthly payment, total payment over the life of the loan, and total interest paid. The charts visualize the proportion of principal versus interest and how your balance decreases over time.