The interest calculated on your loan is rounded to the nearest cent every month. Then on your final payment those portions of a cent, that weren’t paid to keep your payment consistent, are added to this payment. It should only change by a few cents.
The interest calculated on your loan is rounded to the nearest cent every month. Then on your final payment those portions of a cent, that weren’t paid to keep your payment consistent, are added to this payment. It should only change by a few cents.