Loan calculator

Find your monthly payment, how much you pay in interest and the total at the end of the loan. Works with any currency.

Taispeánfar do thoradh anseo Líon na réimsí agus tapáil Calculate loan.

How we calculate

We use fixed payments (the amortization method used by most loans worldwide). Early payments cover more interest; over time, more of each payment goes to the amount you borrowed.

Payment = Amount × i ÷ (1 − (1 + i)⁻ⁿ)

in = monthly rate as a decimal · n = months. A yearly rate becomes the equivalent monthly rate: i = (1 + yearly rate)^1/12 − 1.

Ceisteanna coitianta

Which rate should I use?

The rate on your contract or offer. If it is a yearly rate, choose “per year” and the calculator converts it.

Does it include fees and insurance?

No. It only shows interest and principal; fees, taxes and insurance raise the total cost.

Does it work for car loans or mortgages?

Yes, for contracts with fixed payments. Decreasing payments use a different calculation.

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