| Loan | Mortgage | Car | Commercial | Student | Biweekly | Extra Payments | Payoff | Excel | 
The monthly payment is $116.98 for a $1,200 loan with a 30% APR. The loan or credit card debt will cost $203.81 in interest payments for the first 12 months.
30% APR on $1200 Results | 
        |
APR  | 
             29.9996% | 
Total Financial Charges:  | 
             $203.81 | 
Total Financing Fees:  | 
             $0.00 | 
Financed Amount:  | 
                $1,200.00 | 
Loan Amount:  |  
                $1,200.00 | 
Monthly Payment:  | 
                $116.98 | 
Total # Of Payments:  | 
                12 | 
Start Date:  | 
                Nov, 2025 | 
Payoff Date:  | 
                Oct, 2026 | 
Total Interest Paid:  | 
                $203.81 | 
Total Payment:  | 
                $1,403.81 | 
30% APR on $1200 Amortization Schedule | 
                 ||||||
| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| Nov, 2025 | 1 | $30.00 | $86.98 | $116.98 | $1,113.02 | |
| Dec, 2025 | 2 | $27.83 | $89.16 | $116.98 | $1,023.86 | |
| Jan, 2026 | 3 | $25.60 | $91.39 | $116.98 | $932.47 | |
| Feb, 2026 | 4 | $23.31 | $93.67 | $116.98 | $838.80 | |
| Mar, 2026 | 5 | $20.97 | $96.01 | $116.98 | $742.78 | |
| Apr, 2026 | 6 | $18.57 | $98.42 | $116.98 | $644.37 | |
| May, 2026 | 7 | $16.11 | $100.88 | $116.98 | $543.49 | |
| Jun, 2026 | 8 | $13.59 | $103.40 | $116.98 | $440.09 | |
| Jul, 2026 | 9 | $11.00 | $105.98 | $116.98 | $334.11 | |
| Aug, 2026 | 10 | $8.35 | $108.63 | $116.98 | $225.48 | |
| Sep, 2026 | 11 | $5.64 | $111.35 | $116.98 | $114.13 | |
| Oct, 2026 | 12 | $2.85 | $114.13 | $116.98 | $0.00 | |
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