Calculate the Monthly Payment and the Interest on a Term Loan

In the chart below, you can see the evolution (throughout its whole term) of the capital and interest of your monthly payment.

Evolution of Capital and Interest Included in the Monthly Payment

On this 2nd chart, you can see the evolution (throughout its whole term) of the cumulative payments disbursed, both on the capital and interest, as well as the balance left to pay on the loan.

Evolution of Cumulative Payments Made in Capital and Interest

As you can see, the borrower pays the majority of the interest at the beginning of the term, and the balance only starts going down when you make a capital payment. That is why the balance always drops slowly at the beginning of the loan.

Analysis of a Single Monthly Payment (Term Loan)

The following form isolates a chosen period in time, and presents the situation of the loan at its point of reimbursement. It indicates the amount of capital and interest included in the monthly payment for the chosen month. It also adds up the cumulative amounts due, at that period in time, and shows what is left to be paid on the loan.

Complete Analysis

For a complete view, here are all the numbers for every month of the loan: