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Composition of Loan Payments

Any loan payment is a combination of principal and interest. As a loan is amortized by equal regular payments, later payments are comprised of more principal but less interest than earlier payments. The purpose of this calculator is to enable you to make a visual comparison of the interest/principal composition of any two payments.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.