Loan Repayment Simulator

Enter your loan terms to get the monthly payment and a full amortization schedule. You can schedule up to 50 rate changes starting at any payment number, and combine them with an interest-only period or a balloon payment.

It works for refinancing too. Tick “Refinance an existing loan” under Loan terms and it will work from your current balance and remaining term. Duplicate the scenario and put them side by side to see how long it takes to earn back the closing costs (the break-even point).

Scenarios

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Loan terms

Refinance an existing loan Start from the balance

Loan amount

Loan term

years

months

Interest-only period

months

First payment

years

Repayment type

Equal monthly payment Same amount every month Equal principal Same principal every month

Initial annual rate (from payment 1)

Closing costs (upfront)

Bonus payments

Add semi-annual bonus payments

Taxes & insurance

Include in the monthly payment

Rate changesup to 50

The new annual rate applies from the payment number you choose. With equal monthly payments, the payment is recalculated from the remaining balance and term each time the rate changes.

Results

Include the schedule

Balance over time

Remaining balance Rate changes

Amortization schedule

What the total is made of

Principal Interest

Terms and results side by side

Tap a scenario name to switch to it. Rows that are identical across every scenario are dimmed, so only the differences stand out.