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1 Year Loan Calculator
1 Year Loan Calculator to calculate the interest and monthly payment for a fixed interest rate 1-year loan. The 1 year mortgage calculator will calculate the total interest payment and the overall costs of the mortgage.
1 Year Mortgage Calculator |
|
Loan Amount: |
$10,000.00 |
Monthly Payment: |
$856.30 |
Total # Of Payments: |
12 |
Start Date: |
Mar, 2023 |
Payoff Date: |
Feb, 2024 |
Total Interest Paid: |
$275.65 |
Total Payment: |
$10,275.65 |
1 Year Amortization Schedule |
||||||
| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| Mar, 2023 | 1 | $42.08 | $814.22 | $856.30 | $9,185.78 | |
| Apr, 2023 | 2 | $38.66 | $817.65 | $856.30 | $8,368.13 | |
| May, 2023 | 3 | $35.22 | $821.09 | $856.30 | $7,547.04 | |
| Jun, 2023 | 4 | $31.76 | $824.54 | $856.30 | $6,722.50 | |
| Jul, 2023 | 5 | $28.29 | $828.01 | $856.30 | $5,894.49 | |
| Aug, 2023 | 6 | $24.81 | $831.50 | $856.30 | $5,062.99 | |
| Sep, 2023 | 7 | $21.31 | $835.00 | $856.30 | $4,227.99 | |
| Oct, 2023 | 8 | $17.79 | $838.51 | $856.30 | $3,389.48 | |
| Nov, 2023 | 9 | $14.26 | $842.04 | $856.30 | $2,547.44 | |
| Dec, 2023 | 10 | $10.72 | $845.58 | $856.30 | $1,701.86 | |
| Jan, 2024 | 11 | $7.16 | $849.14 | $856.30 | $852.72 | |
| Feb, 2024 | 12 | $3.59 | $852.72 | $856.30 | $0.00 | |
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