HOW IT IS CALCULATED
Estimate payment and total loan interest
Calculate monthly payment, total amount repaid and total interest for an amortizing loan.
Instant resultClear formulaRuns locally
01Values
02fixed payment over n monthly periods
03Result
Total interest = total paid − principal
Early payments contain more interest
In ordinary amortization, the interest component decreases as the outstanding balance falls.
02
In short
What logic does the calculator use?
fixed payment over n monthly periods
Example?
Total interest = total paid − principal