Borrow amount
$30k
Advertised Rate

4.99%

Fixed

Comparison Rate*

5.20%

Loan term
5 Years
Horizon Bank
Repayment frequency
Monthly
Monthly repayment

$566

Number of repayments
60
Total interest paid
$4k
Total repayments

Monthly Repayment Schedule

Results are estimates only. Please allow for slight rounding differences.

DatePrincipalInterestPaymentBalance
1Mar 2021$441.25$124.75$566.00$29,558.75
2Apr 2021$443.08$122.92$566.00$29,115.67
3May 2021$444.93$121.07$566.00$28,670.74
4Jun 2021$446.78$119.22$566.00$28,223.96
5Jul 2021$448.64$117.36$566.00$27,775.32
6Aug 2021$450.50$115.50$566.00$27,324.82
7Sep 2021$452.37$113.63$566.00$26,872.45
8Oct 2021$454.26$111.74$566.00$26,418.19
9Nov 2021$456.14$109.86$566.00$25,962.05
10Dec 2021$458.04$107.96$566.00$25,504.01
2021 Total$4,495.99$1,164.01$5,660
11Jan 2022$459.95$106.05$566.00$25,044.06
12Feb 2022$461.86$104.14$566.00$24,582.20
13Mar 2022$463.78$102.22$566.00$24,118.42
14Apr 2022$465.71$100.29$566.00$23,652.71
15May 2022$467.64$98.36$566.00$23,185.07
16Jun 2022$469.59$96.41$566.00$22,715.48
17Jul 2022$471.54$94.46$566.00$22,243.94
18Aug 2022$473.50$92.50$566.00$21,770.44
19Sep 2022$475.47$90.53$566.00$21,294.97
20Oct 2022$477.45$88.55$566.00$20,817.52
21Nov 2022$479.43$86.57$566.00$20,338.09
22Dec 2022$481.43$84.57$566.00$19,856.66
2022 Total$5,647.35$1,144.65$6,792
23Jan 2023$483.43$82.57$566.00$19,373.23
24Feb 2023$485.44$80.56$566.00$18,887.79
25Mar 2023$487.46$78.54$566.00$18,400.33
26Apr 2023$489.49$76.51$566.00$17,910.84
27May 2023$491.52$74.48$566.00$17,419.32
28Jun 2023$493.56$72.44$566.00$16,925.76
29Jul 2023$495.62$70.38$566.00$16,430.14
30Aug 2023$497.68$68.32$566.00$15,932.46
31Sep 2023$499.75$66.25$566.00$15,432.71
32Oct 2023$501.83$64.17$566.00$14,930.88
33Nov 2023$503.91$62.09$566.00$14,426.97
34Dec 2023$506.01$59.99$566.00$13,920.96
2023 Total$5,935.7$856.3$6,792
35Jan 2024$508.11$57.89$566.00$13,412.85
36Feb 2024$510.22$55.78$566.00$12,902.63
37Mar 2024$512.35$53.65$566.00$12,390.28
38Apr 2024$514.48$51.52$566.00$11,875.80
39May 2024$516.62$49.38$566.00$11,359.18
40Jun 2024$518.76$47.24$566.00$10,840.42
41Jul 2024$520.92$45.08$566.00$10,319.50
42Aug 2024$523.09$42.91$566.00$9,796.41
43Sep 2024$525.26$40.74$566.00$9,271.15
44Oct 2024$527.45$38.55$566.00$8,743.70
45Nov 2024$529.64$36.36$566.00$8,214.06
46Dec 2024$531.84$34.16$566.00$7,682.22
2024 Total$6,238.74$553.26$6,792
47Jan 2025$534.05$31.95$566.00$7,148.17
48Feb 2025$536.28$29.72$566.00$6,611.89
49Mar 2025$538.51$27.49$566.00$6,073.38
50Apr 2025$540.74$25.26$566.00$5,532.64
51May 2025$542.99$23.01$566.00$4,989.65
52Jun 2025$545.25$20.75$566.00$4,444.40
53Jul 2025$547.52$18.48$566.00$3,896.88
54Aug 2025$549.80$16.20$566.00$3,347.08
55Sep 2025$552.08$13.92$566.00$2,795.00
56Oct 2025$554.38$11.62$566.00$2,240.62
57Nov 2025$556.68$9.32$566.00$1,683.94
58Dec 2025$559.00$7.00$566.00$1,124.94
2025 Total$6,557.28$234.72$6,792
59Jan 2026$561.32$4.68$566.00$563.62
60Feb 2026$563.62$2.34$565.96$0.00
2026 Total$1,124.94$7.02$1,131.96