Loan Calculator
Calculates the fixed monthly payment of an amortizing loan, the total interest over its life, a balance chart and a year-by-year amortization schedule.
Read the full guide to this tool
Results
Notes
- Payment = P·i / (1 − (1+i)^−n) with i the monthly rate and n the number of payments.
- Early payments are mostly interest; the balance falls slowly at first and fast at the end.
- This is an educational estimate, not financial advice; talk to a qualified adviser before making money decisions.
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