| |
Loan 1 |
Loan 2 |
| Monthly Payment |
$1,060.66 |
$988.86 |
| Total Payments |
$127,278.44 |
$118,662.99 |
| Total Interest |
$27,278.44 |
$18,662.99 |
| Pay-off Date |
Apr 2035 |
Apr 2035 |
Amortization Schedules
| Year | Principal | Interest | Total Paid | Balance |
|---|
| 2025 | $5,227.70 | $3,257.58 | $8,485.28 | $94,772.30 |
| 2026 | $8,174.95 | $4,552.97 | $12,727.92 | $86,597.35 |
| 2027 | $8,593.20 | $4,134.72 | $12,727.92 | $78,004.15 |
| 2028 | $9,032.86 | $3,695.06 | $12,727.92 | $68,971.29 |
| 2029 | $9,494.99 | $3,232.93 | $12,727.92 | $59,476.30 |
| 2030 | $9,980.78 | $2,747.14 | $12,727.92 | $49,495.52 |
| 2031 | $10,491.40 | $2,236.52 | $12,727.92 | $39,004.12 |
| 2032 | $11,028.18 | $1,699.74 | $12,727.92 | $27,975.94 |
| 2033 | $11,592.40 | $1,135.52 | $12,727.92 | $16,383.54 |
| 2034 | $12,185.48 | $542.44 | $12,727.92 | $4,198.06 |
| 2035 | $4,198.06 | $43.82 | $4,241.88 | $0.00 |
| Totals | $100,000.00 | $27,278.44 | $127,278.44 | |
| Year | Principal | Interest | Total Paid | Balance |
|---|
| 2025 | $5,634.81 | $2,276.07 | $7,910.88 | $94,365.19 |
| 2026 | $8,702.27 | $3,164.05 | $11,866.32 | $85,662.92 |
| 2027 | $9,011.79 | $2,854.53 | $11,866.32 | $76,651.13 |
| 2028 | $9,332.28 | $2,534.04 | $11,866.32 | $67,318.85 |
| 2029 | $9,664.20 | $2,202.12 | $11,866.32 | $57,654.65 |
| 2030 | $10,007.93 | $1,858.39 | $11,866.32 | $47,646.72 |
| 2031 | $10,363.89 | $1,502.43 | $11,866.32 | $37,282.83 |
| 2032 | $10,732.51 | $1,133.81 | $11,866.32 | $26,550.32 |
| 2033 | $11,114.23 | $752.09 | $11,866.32 | $15,436.09 |
| 2034 | $11,509.53 | $356.79 | $11,866.32 | $3,926.56 |
| 2035 | $3,926.56 | $28.67 | $3,955.23 | $0.00 |
| Totals | $100,000.00 | $18,662.99 | $118,662.99 | |