Loan calculator

Find your monthly payment, how much you pay in interest and the total at the end of the loan. Works with any currency.

U vostru risultatu apparisce quì Riempite i campi è toccate Calculate loan.

How we calculate

We use fixed payments (the amortization method used by most loans worldwide). Early payments cover more interest; over time, more of each payment goes to the amount you borrowed.

Payment = Amount × i ÷ (1 − (1 + i)⁻ⁿ)

i = monthly rate as a decimal · n = months. A yearly rate becomes the equivalent monthly rate: i = (1 + yearly rate)^1/12 − 1.

Dumande fatte spessu

Which rate should I use?

The rate on your contract or offer. If it is a yearly rate, choose “per year” and the calculator converts it.

Does it include fees and insurance?

No. It only shows interest and principal; fees, taxes and insurance raise the total cost.

Does it work for car loans or mortgages?

Yes, for contracts with fixed payments. Decreasing payments use a different calculation.

Other tools

Interessu cumpostu How much your money grows with monthly deposits. Aduprà → Simple interest Returns with simple interest, a starting amount and monthly deposits. Aduprà → 50/30/20 budget Split your income between needs, wants and savings. Aduprà →