Loan Repayment Calculator
Local ProcessingMonthly payment, total interest, and amortising or equal-principal schedules.
How It Works & Processing Standards
Enter values above to calculate results automatically. Check each input field for guidance and units.
Tool processing runs in your browser. If you create a calculator or conversion share link, its values are included in the URL. See the privacy policy for account, analytics and advertising data.
Works out monthly payments and total interest for a mortgage or personal loan, with a period-by-period schedule of principal and interest.
Assumes a fixed rate. Variable rates, grace periods and prepayment fees are not included.
What You Can Do
- Equal payment schedule
- Same payment every month, with principal, interest and balance per period
- Monthly payment and total interest
- For the equal-payment method
- Equal principal schedule
- Principal repaid in equal parts, so payments shrink over time
How to Use Loan Repayment Calculator
- 1Choose a calculationA schedule, the monthly payment or total interest.
- 2Enter loan termsPrincipal, annual rate (%) and months. 30 years is 360 months.
- 3Read the resultSchedules appear as a table you can copy.
Examples
Common Use Cases
- Previewing a mortgage payment
- Comparing total interest between repayment methods
- Checking the remaining principal before prepaying
Frequently Asked Questions (FAQ)
Which method costs less interest?
Equal principal repays faster and costs less in total, but the early payments are larger.
Why is my bank’s schedule a few won different?
Banks round or truncate differently, which can shift amounts slightly.