Loan Calculator
Equal principal and interest monthly payment¥3,082.85Total Repayment¥739,884.88Total Interest¥239,884.88
Loan Calculator
Estimate monthly payment, total interest, and total repayment
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Instructions
Estimate monthly mortgage and total interest
Use to evaluate repayment pressure before buying a house, car, or installment.
1Enter principal, interest rate, and term
2Select repayment method
3View monthly payment and interest
After completionGet quick loan cost estimate.Enter Loan Amount First
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Specify the rate and periods for a loan estimate
The calculator estimates equal monthly principal-and-interest payments. Monthly rate is annual rate divided by 12; periods are years multiplied by 12. Use it to compare budgets, not choose a loan product.
An example to check
Input and settings
Principal 12000, annual rate 0%, term one year.Expected result
Monthly payment 1000; total repayment 12000; interest zero.At zero interest the principal is divided into 12 payments. Otherwise the annuity formula is P × r × (1+r)^n / ((1+r)^n−1), where r is monthly rate and n is months.
Scope and limitations
- Fees, insurance, early repayment, floating rates and bank day-count differences are excluded. Use the contract and statements for actual repayments.
- Equal principal and equal total payments are different methods. The displayed amount is not a complete repayment schedule.
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