Loan payment calculator

Amount, rate and length: see what you will pay each month and what the loan costs.

Result

1,001.25Each month

Detailed table

Year	Principal repaid	Interest paid	Left to pay
1	5,096.20	6,918.76	194,903.80
2	10,373.66	13,656.27	189,626.34
3	15,838.82	20,206.08	184,161.18
4	21,498.36	26,561.50	178,501.64
5	27,359.19	32,715.64	172,640.81
6	33,428.48	38,661.32	166,571.52
7	39,713.63	44,391.13	160,286.37
8	46,222.32	49,897.40	153,777.68
9	52,962.51	55,172.18	147,037.49
10	59,942.43	60,207.23	140,057.57
11	67,170.60	64,994.03	132,829.40
12	74,655.85	69,523.74	125,344.15
13	82,407.33	73,787.22	117,592.67
14	90,434.51	77,775.01	109,565.49
15	98,747.20	81,477.29	101,252.80
16	107,355.53	84,883.92	92,644.47
17	116,270.04	87,984.37	83,729.96
18	125,501.62	90,767.77	74,498.38
19	135,061.53	93,222.82	64,938.47
20	144,961.46	95,337.86	55,038.54
21	155,213.50	97,100.78	44,786.50
22	165,830.17	98,499.08	34,169.83
23	176,824.44	99,519.77	23,175.56
24	188,209.75	100,149.43	11,790.25
25	200,000.00	100,374.14	0.00

How it is calculated

Payment = P × i ÷ (1 − (1 + i)^−n), where i = rate ÷ 12 and n = number of months.
At 0%, the payment is simply P ÷ n.

1,200 over 1 year at 0%: 12 payments of 100.

What is this tool used for?

Amount, rate and length: see what you will pay each month and what the loan costs.

How is the result calculated?

Payment = P × i ÷ (1 − (1 + i)^−n), where i = rate ÷ 12 and n = number of months.

What should I check before using the result?

Excludes insurance, fees and guarantees: the real cost can be higher.