finance · runs in your browser

Every payment is the same size. Where it goes is not.

A fixed-rate loan splits each payment between interest and the balance you actually owe. For years it is mostly interest. Drag anything below and watch the split move.

Payment every month

$2,854.69

Borrowing $420,000 at 6.50% over 30 years, plus $200 extra each month. That is $842,464 handed over in total.

Controls

$420,000
6.50%
30 yrs
$200
paid straight off the balance
Chart shows

Where each payment goes

  • interest
  • balance

drag across the chart — or focus it and use ← →

payment—
interest—
to balance—
still owed—

—

Total interest

$422,464

That is $1.01 of interest for every $1 borrowed.

Paid off in

24 yr 8 mo

total paid $842,464
borrowed $420,000

Extra payments

—

Nudge the extra-payment slider and this fills in.

Educational estimate: principal and interest only, one fixed rate, every payment made on time. A real quote also carries property tax, insurance, fees and its own rounding rules.

mortgage-amortization · sloprun.dev