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
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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.