ऋण भुगतान समयरेखा कैलकुलेटर — सूत्र

Debt Payoff Timeline

A payoff timeline shows how each payment is split between interest and principal.

Early vs Late Payments

In the early months, a large portion goes to interest. As the balance shrinks, more of each payment attacks the principal. This is why extra payments early on are so powerful.

Month 1 Breakdown

  • Interest = Balance x Monthly Rate
  • Principal = Payment - Interest
  • New Balance = Old Balance - Principal

    • This process repeats each month until the balance reaches zero.

    हल किया गया उदाहरण

    $20,000 at 15% with $600/month payments.

    1. Month 1 interest = $20,000 x 1.25% = $250
    2. Month 1 principal = $600 - $250 = $350
    3. New balance = $20,000 - $350 = $19,650
    4. Total payoff = 42 months (3.5 years)
    5. Total interest = $5,200