Loan Calculator
Estimate the monthly payment and total cost of a loan or mortgage.
Monthly payment
299.71
Total interest
789.52
Total of 36 payments
10,789.52
Principal Interest
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How it works
Monthly payment for an amortizing loan = P × r ÷ (1 − (1 + r)^−n), where P is the amount, r the monthly interest rate and n the number of months. Total interest is total paid minus the amount borrowed.
Example
€10,000 at 5% over 3 years costs €299.71 per month, €789.52 interest in total.
Frequently asked questions
Does this include fees?
No, only principal and interest. Lenders may charge extra fees.
Is this financial advice?
No. It's an estimate. Always check your lender's official offer.
What about 0% interest?
The amount is simply divided equally across the months.