Loan Calculator
Find the monthly payment and total interest of a fixed-rate loan or mortgage, and see every payment in a schedule you can download.
INPUT
RESULT
- Monthly payment1,169.18
- Total interest150,754.02
- Total paid350,754.02
- Paid off after300 payments
Fixed rate, monthly payments, no fees. Your lender's figures may differ slightly because of rounding.
Repayment schedule
| Year | Payment | Interest | Repayment | Balance |
|---|---|---|---|---|
| 1 | 14,030.16 | 9,906.35 | 4,123.81 | 195,876.19 |
| 2 | 14,030.16 | 9,695.37 | 4,334.80 | 191,541.39 |
| 3 | 14,030.16 | 9,473.59 | 4,556.57 | 186,984.82 |
| 4 | 14,030.16 | 9,240.47 | 4,789.70 | 182,195.12 |
| 5 | 14,030.16 | 8,995.42 | 5,034.74 | 177,160.38 |
| 6 | 14,030.16 | 8,737.83 | 5,292.33 | 171,868.05 |
| 7 | 14,030.16 | 8,467.06 | 5,563.10 | 166,304.95 |
| 8 | 14,030.16 | 8,182.44 | 5,847.72 | 160,457.23 |
| 9 | 14,030.16 | 7,883.26 | 6,146.90 | 154,310.33 |
| 10 | 14,030.16 | 7,568.78 | 6,461.38 | 147,848.95 |
| 11 | 14,030.16 | 7,238.20 | 6,791.96 | 141,056.99 |
| 12 | 14,030.16 | 6,890.71 | 7,139.45 | 133,917.54 |
| 13 | 14,030.16 | 6,525.44 | 7,504.72 | 126,412.82 |
| 14 | 14,030.16 | 6,141.49 | 7,888.67 | 118,524.15 |
| 15 | 14,030.16 | 5,737.89 | 8,292.27 | 110,231.88 |
| 16 | 14,030.16 | 5,313.64 | 8,716.52 | 101,515.36 |
| 17 | 14,030.16 | 4,867.69 | 9,162.48 | 92,352.88 |
| 18 | 14,030.16 | 4,398.92 | 9,631.24 | 82,721.64 |
| 19 | 14,030.16 | 3,906.16 | 10,124.00 | 72,597.64 |
| 20 | 14,030.16 | 3,388.20 | 10,641.96 | 61,955.68 |
| 21 | 14,030.16 | 2,843.74 | 11,186.42 | 50,769.26 |
| 22 | 14,030.16 | 2,271.42 | 11,758.74 | 39,010.51 |
| 23 | 14,030.16 | 1,669.82 | 12,360.34 | 26,650.17 |
| 24 | 14,030.16 | 1,037.44 | 12,992.72 | 13,657.45 |
| 25 | 14,030.16 | 372.71 | 13,657.45 | 0.00 |
Runs entirely in your browser. Nothing you enter is sent to a server.
How to calculate loan payments
Enter the loan
Type the amount you borrow, the yearly interest rate and the term in years or months.
Add extra payments
Optional: enter an amount you'd pay on top each month to see how much sooner the loan is paid off and how much interest you save.
Check the schedule
The table shows payment, interest, repayment and balance by year or by month. Download it as CSV for a spreadsheet.
How the payment is calculated
Fixed-rate loans with equal monthly payments use the annuity formula: payment = amount × r / (1 − (1 + r)^−n), where r is the yearly rate / 12 and n the number of months. Early payments are mostly interest; later ones mostly repay the loan.
What the calculator leaves out
Fees, insurance, variable rates and payment breaks aren't included. Lenders may also round each payment or quote an APR that includes fees, so their figures can differ slightly.
Frequently asked questions
Should I enter the nominal rate or the APR?
Enter the nominal yearly rate the loan is charged at. The APR also includes fees, so using it gives a slightly higher payment than the lender's.
How do extra payments work here?
The extra amount is added to every monthly payment and goes straight to repaying the loan. The regular payment stays the same, so the loan ends sooner.
Is my data sent anywhere?
No. The calculation and the CSV file are made in your browser.