🏦 Loan & Mortgage Calculator
Enter the amount, annual interest rate and term to see the monthly payment and the full schedule.
Monthly payment
- Total interest
- Total paid
What next?
How the payment is calculated
The standard annuity formula is used: payment = P × r ÷ (1 − (1 + r)−n), where r is the monthly rate and n the number of months. Taxes, insurance and fees are not included.
Frequently asked questions
Does it include taxes or insurance?
No, only principal and interest.
Annual or monthly rate?
Enter the annual rate; it is divided by 12.