Loan Payment Calculator
Work out the monthly instalment and total interest for any loan using the standard amortisation formula.
Monthly payment
Total paid
Total interest
Frequently Asked Questions
Which formula is used?
The standard amortisation formula: M = P · r(1+r)^n / ((1+r)^n − 1), where r is the monthly rate and n the number of months.
Does this include fees or insurance?
No. The calculator covers principal and interest only. Bank fees, mortgage insurance, and other charges are not included.