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Loan calculator

Monthly payment, total interest and remaining debt for an annuity loan.

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Sample calculation (annuity loan, nominal rate, monthly payments) – no financial advice. Fees and the effective rate are not included.

Currency

Monthly payment
$1,055.67
Interest
$116,702.10
Total repaid
$316,702.10

Loan amountInterest

Show table by year
YearRemaining debtInterest
1$195,245.38$7,913.46
2$190,297.04$15,633.21
3$185,147.10$23,151.36
4$179,787.35$30,459.69
5$174,209.23$37,549.65
6$168,403.85$44,412.36
7$162,361.95$51,038.54
8$156,073.90$57,418.57
9$149,529.66$63,542.41
10$142,718.79$69,399.63
11$135,630.44$74,979.37
12$128,253.31$80,270.32
13$120,575.61$85,260.71
14$112,585.12$89,938.29
15$104,269.07$94,290.34
16$95,614.22$98,303.57
17$86,606.76$101,964.19
18$77,232.32$105,257.84
19$67,475.96$108,169.55
20$57,322.10$110,683.78
21$46,754.56$112,784.32
22$35,756.48$114,454.33
23$24,310.32$115,676.25
24$12,397.83$116,431.85
25$0.00$116,702.10

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Help & info

About this calculator

Enter the loan amount, the interest rate per year and the term in years. The calculator shows the constant monthly payment, how much interest you pay in total and how the remaining debt falls year by year. It is a sample calculation with a nominal rate – fees, special repayments and the effective rate are not included.

How it is calculated

Monthly payment = loan × i ÷ (1 − (1 + i)^−n) with i = rate ÷ 12 ÷ 100 and n = years × 12. Interest each month = remaining debt × i; the rest of the payment reduces the debt.

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