Borrow amount
$20k
Advertised Rate

7.92%

Variable

Loan term

0 year to 7 years

Summerland Credit Union
Repayment frequency
Monthly
Monthly repayment

$626

36 months

Number of repayments
36
Total interest paid
$2.5k
Total repayments

Monthly Repayment Schedule

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

DatePrincipalInterestPaymentBalance
1Oct 2020$493.99$132.00$625.99$19,506.01
2Nov 2020$497.25$128.74$625.99$19,008.76
3Dec 2020$500.53$125.46$625.99$18,508.23
2020 Total$1,491.77$386.2$1,877.97
4Jan 2021$503.84$122.15$625.99$18,004.39
5Feb 2021$507.16$118.83$625.99$17,497.23
6Mar 2021$510.51$115.48$625.99$16,986.72
7Apr 2021$513.88$112.11$625.99$16,472.84
8May 2021$517.27$108.72$625.99$15,955.57
9Jun 2021$520.68$105.31$625.99$15,434.89
10Jul 2021$524.12$101.87$625.99$14,910.77
11Aug 2021$527.58$98.41$625.99$14,383.19
12Sep 2021$531.06$94.93$625.99$13,852.13
13Oct 2021$534.57$91.42$625.99$13,317.56
14Nov 2021$538.09$87.90$625.99$12,779.47
15Dec 2021$541.65$84.34$625.99$12,237.82
2021 Total$6,270.41$1,241.47$7,511.88
16Jan 2022$545.22$80.77$625.99$11,692.60
17Feb 2022$548.82$77.17$625.99$11,143.78
18Mar 2022$552.44$73.55$625.99$10,591.34
19Apr 2022$556.09$69.90$625.99$10,035.25
20May 2022$559.76$66.23$625.99$9,475.49
21Jun 2022$563.45$62.54$625.99$8,912.04
22Jul 2022$567.17$58.82$625.99$8,344.87
23Aug 2022$570.91$55.08$625.99$7,773.96
24Sep 2022$574.68$51.31$625.99$7,199.28
25Oct 2022$578.47$47.52$625.99$6,620.81
26Nov 2022$582.29$43.70$625.99$6,038.52
27Dec 2022$586.14$39.85$625.99$5,452.38
2022 Total$6,785.44$726.44$7,511.88
28Jan 2023$590.00$35.99$625.99$4,862.38
29Feb 2023$593.90$32.09$625.99$4,268.48
30Mar 2023$597.82$28.17$625.99$3,670.66
31Apr 2023$601.76$24.23$625.99$3,068.90
32May 2023$605.74$20.25$625.99$2,463.16
33Jun 2023$609.73$16.26$625.99$1,853.43
34Jul 2023$613.76$12.23$625.99$1,239.67
35Aug 2023$617.81$8.18$625.99$621.86
36Sep 2023$621.86$4.10$625.96$0.00
2023 Total$5,452.38$181.5$5,633.88