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The monthly payment is $225.65 for a $2,500 loan with a 15% APR. The loan or credit card debt will cost $207.75 in interest payments for the first 12 months.
15% APR on $2500 Results |
|
APR |
15.0000% |
Total Financial Charges: |
$207.75 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$2,500.00 |
Loan Amount: |
$2,500.00 |
Monthly Payment: |
$225.65 |
Total # Of Payments: |
12 |
Start Date: |
Aug, 2025 |
Payoff Date: |
Jul, 2026 |
Total Interest Paid: |
$207.75 |
Total Payment: |
$2,707.75 |
15% APR on $2500 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Aug, 2025 | 1 | $31.25 | $194.40 | $225.65 | $2,305.60 | |
Sep, 2025 | 2 | $28.82 | $196.83 | $225.65 | $2,108.78 | |
Oct, 2025 | 3 | $26.36 | $199.29 | $225.65 | $1,909.49 | |
Nov, 2025 | 4 | $23.87 | $201.78 | $225.65 | $1,707.72 | |
Dec, 2025 | 5 | $21.35 | $204.30 | $225.65 | $1,503.42 | |
Jan, 2026 | 6 | $18.79 | $206.85 | $225.65 | $1,296.56 | |
Feb, 2026 | 7 | $16.21 | $209.44 | $225.65 | $1,087.12 | |
Mar, 2026 | 8 | $13.59 | $212.06 | $225.65 | $875.07 | |
Apr, 2026 | 9 | $10.94 | $214.71 | $225.65 | $660.36 | |
May, 2026 | 10 | $8.25 | $217.39 | $225.65 | $442.97 | |
Jun, 2026 | 11 | $5.54 | $220.11 | $225.65 | $222.86 | |
Jul, 2026 | 12 | $2.79 | $222.86 | $225.65 | $0.00 |
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