Loan Calculator
Work out your monthly payment, total interest and full repayment schedule.
- Processed locally — your files never leave your device
- Free, no sign-up
- No file limits
The same amount every month (principal + interest). Common for mortgages.
Monthly payment
2,534
Total interest
104,022
Total repaid
304,022
Repayment schedule
| Month | Principal | Interest | Payment | Balance |
|---|---|---|---|---|
| 1 | 1,034 | 1,500 | 2,534 | 198,966 |
| 2 | 1,041 | 1,492 | 2,534 | 197,925 |
| 3 | 1,049 | 1,484 | 2,534 | 196,876 |
| 4 | 1,057 | 1,477 | 2,534 | 195,819 |
| 5 | 1,065 | 1,469 | 2,534 | 194,754 |
| 6 | 1,073 | 1,461 | 2,534 | 193,681 |
| 7 | 1,081 | 1,453 | 2,534 | 192,601 |
| 8 | 1,089 | 1,445 | 2,534 | 191,512 |
| 9 | 1,097 | 1,436 | 2,534 | 190,414 |
| 10 | 1,105 | 1,428 | 2,534 | 189,309 |
| 11 | 1,114 | 1,420 | 2,534 | 188,195 |
| 12 | 1,122 | 1,411 | 2,534 | 187,073 |
How to use Loan Calculator
- 1
Enter the loan amount, yearly interest rate and term in months.
- 2
Choose equal payments or equal principal.
- 3
See the monthly payment, total interest and schedule.
Features
- Two methodsEqual monthly payments, or fixed principal with interest on the reducing balance.
- Full schedulePrincipal, interest and remaining balance for every month.
- Any currencyWorks for any amount and currency.
Frequently asked questions
Which method costs less interest?
Equal principal pays down the loan faster, so total interest is lower — but early payments are higher.
Are fees included?
No. Add bank fees or insurance separately; this calculates principal and interest.
Is it free?
Yes.