This is a simple calculator that shows you the principal
balance of your loan over its entire term. You will be
able to see what portion of your monthly payment amount
is paying for the interest and which is paying down your
balance. Over time, the interest amount goes down and
the principal amount goes up.
*Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.