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Enter the loan amount, interest rate and term to see the monthly payment and total interest. Your inputs are calculated in this browser only. Nothing is stored or sent.
Repayment methods
- Amortizing: the payment stays the same each month. Early payments are mostly interest.
- Equal principal: the same principal is repaid each month, so payments fall over time. Early payments are higher and total interest is lower.
- Interest-only: you pay interest each month and repay the principal in the final month. Monthly payments are low, but total interest is the highest.
How it is calculated
The rate is assumed to stay fixed for the whole term, and the monthly rate is the annual rate divided by 12. Amounts are shown without a currency, so use any one currency throughout. Arrangement fees, insurance and early repayment charges are not included. Variable-rate payments will differ.
Example
A loan of 1,000,000 at 5% over 25 years has a monthly amortizing payment of about 5,846 and total interest of about 753,800.
Results are for reference only. Confirm actual terms with your lender.