Loan calculator, an online loan and mortgage payment detail query calculator, can calculate detailed repayment schedules for each loan period.

Hint:

1、 Total Interest Repaid 下面的數據，是指“已還利息總額”占“貸款總利息”的比率。

2、 Total principal repaid 下面的數據，是指“已還本金總額”占“貸款金額”(本金總額)的比率。

Checking loan and mortgage repayment details shows how much principal and interest have been paid, which can be a basis for deciding whether to prepay.

Generally, prepaying early is more beneficial: equal principal in 20 years by the 5th year, 30 years by the 7th year; equal principal and interest in 20 years before the 6th year, 30 years before the 8th year. Ideally, the earlier the better, based on individual circumstances. Moreover, some banks charge default fees.

A year consists of 12 installments. If the total interest repaid exceeds 50% of the total loan interest, it might not be cost-effective to prepay early.