Debt Lifter Help
Loan Calculator
Use this calculator to compare loan repayment schedules and see how payment choices affect interest, total paid, and payoff time.
Inputs
- Loan Amount
- Enter the amount borrowed or the remaining loan balance you want to review.
- APR (%)
- Enter the annual percentage rate charged on the loan.
- Term (Months)
- Enter the original or remaining loan length in months.
- Monthly / Bi-weekly / Weekly Payment
- Select a schedule, then enter the payment amount you want to test for that schedule.
Results
- Standard Monthly Payment
- Shows the calculated monthly payment based on the loan amount, APR, and term.
- Payment Guide Row
- Shows the calculated payment needed for monthly, bi-weekly, or weekly payments based on the same loan terms.
- Total Interest Paid
- Shows estimated interest paid under the selected schedule and payment amount.
- Payoff Time
- Shows the estimated time needed to pay off the loan under the selected payment plan.