Short Term Loan Calculator

Short Term Loan Calculator to determine the monthly loan payments for any short term loans. Short term loans are temporary loans that are repaid within a year or shorter.

Short Term Loan Summary
Loan Amount:	$5,000.00
Monthly Payment:	$856.70
Total # Of Payments:	6
Start Date:	Nov, 2024
Payoff Date:	Apr, 2025
Total Interest Paid:	$140.19
Total Payment:	$5,140.19

Payment Date	Payment #	Interest Paid	Principal Paid	Total Payment	Remaining Balance
Short Term Loan Amortization Schedule
Nov, 2024	1	$39.79	$816.91	$856.70	$4,183.09
Dec, 2024	2	$33.29	$823.41	$856.70	$3,359.69
Jan, 2025	3	$26.74	$829.96	$856.70	$2,529.72
Feb, 2025	4	$20.13	$836.57	$856.70	$1,693.16
Mar, 2025	5	$13.47	$843.22	$856.70	$849.93
Apr, 2025	6	$6.76	$849.93	$856.70	$0.00

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