Loan Calculator

Display currencyFormatting only. This does not change the calculation.

Loan amount

Annual interest rate (%)The nominal annual rate (APR before fees), not the monthly rate.

Loan term (years)

Term - additional monthsAdded to the term in years, for terms such as 5 years and 6 months. To state a tenure purely in months, set the years to 0 and enter the whole tenure here.

Payment frequency

Extra payment each period Additional principal paid on top of the scheduled payment.

Include the amortisation schedule

Solve forAnything other than the payment treats the payment below as the known quantity and solves the same annuity equation for the missing one.

Payment per period The instalment you can afford or have been quoted. Used only when solving for the rate, the term or the loan amount.

Balloon payment due after (years)Commercial, land and construction loans are commonly written on a long amortisation but fall due earlier, with the remaining balance repaid in one balloon payment. Leave at 0 for a fully amortising loan.

Origination fee or points (%)A percentage of the loan withheld at closing. Enter the figure your lender quotes - fee schedules differ by lender and by programme.

Other fees deducted at closing Guaranty, packaging, survey or documentation fees withheld from the advance rather than paid separately.

Headline figureWhich figure this calculator leads with. Everything else is still computed.

Payment

158.02

Loan Payment Calculator

Total interest

31,883.81

Total of payments

56,883.81

Number of payments

360

Payoff time

30 years

Rate per period

0.541667 %

Interest per unit borrowed

1.2754

Interest saved by extra payments

Payments saved

Loan amount

25,000.00

Annual interest rate

6.5 %

Months to repay

360

Fees deducted at closing

0.00

Net amount advanced

25,000.00

APR

6.5 %

Worked out from Standard annuity-immediate payment formula, PMT = P i / (1 - (1+i)^-n) and 4 other sources.

How this is worked out

3 steps

Rate per period = 6.5% / 12 = 0.541667%
Payment = P i / (1 - (1+i)^-n) = 158.02
Over 360 payments the total paid is 56883.81, of which 31883.81 is interest.

Amortisation scheduletable

period	payment	interest	principal	balance
1	158.02	135.42	22.6	24,977.4
2	158.02	135.29	22.73	24,954.67
3	158.02	135.17	22.85	24,931.82
4	158.02	135.05	22.97	24,908.85
5	158.02	134.92	23.1	24,885.75
6	158.02	134.8	23.22	24,862.53
7	158.02	134.67	23.35	24,839.18
8	158.02	134.55	23.47	24,815.71
9	158.02	134.42	23.6	24,792.11
10	158.02	134.29	23.73	24,768.38
11	158.02	134.16	23.86	24,744.52
12	158.02	134.03	23.99	24,720.53
13	158.02	133.9	24.12	24,696.41
14	158.02	133.77	24.25	24,672.16
15	158.02	133.64	24.38	24,647.78
16	158.02	133.51	24.51	24,623.27
17	158.02	133.38	24.64	24,598.63
18	158.02	133.24	24.78	24,573.85
19	158.02	133.11	24.91	24,548.94
20	158.02	132.97	25.05	24,523.89
21	158.02	132.84	25.18	24,498.71
22	158.02	132.7	25.32	24,473.39
23	158.02	132.56	25.46	24,447.93
24	158.02	132.43	25.59	24,422.34
25	158.02	132.29	25.73	24,396.61
26	158.02	132.15	25.87	24,370.74
27	158.02	132.01	26.01	24,344.73
28	158.02	131.87	26.15	24,318.58
29	158.02	131.73	26.29	24,292.29
30	158.02	131.58	26.44	24,265.85
31	158.02	131.44	26.58	24,239.27
32	158.02	131.3	26.72	24,212.55
33	158.02	131.15	26.87	24,185.68
34	158.02	131.01	27.01	24,158.67
35	158.02	130.86	27.16	24,131.51
36	158.02	130.71	27.31	24,104.2
37	158.02	130.56	27.46	24,076.74
38	158.02	130.42	27.6	24,049.14
39	158.02	130.27	27.75	24,021.39
40	158.02	130.12	27.9	23,993.49
41	158.02	129.96	28.06	23,965.43
42	158.02	129.81	28.21	23,937.22
43	158.02	129.66	28.36	23,908.86
44	158.02	129.51	28.51	23,880.35
45	158.02	129.35	28.67	23,851.68
46	158.02	129.2	28.82	23,822.86
47	158.02	129.04	28.98	23,793.88
48	158.02	128.88	29.14	23,764.74
49	158.02	128.73	29.29	23,735.45
50	158.02	128.57	29.45	23,706
51	158.02	128.41	29.61	23,676.39
52	158.02	128.25	29.77	23,646.62
53	158.02	128.09	29.93	23,616.69
54	158.02	127.92	30.1	23,586.59
55	158.02	127.76	30.26	23,556.33
56	158.02	127.6	30.42	23,525.91
57	158.02	127.43	30.59	23,495.32
58	158.02	127.27	30.75	23,464.57
59	158.02	127.1	30.92	23,433.65
60	158.02	126.93	31.09	23,402.56
61	158.02	126.76	31.26	23,371.3
62	158.02	126.59	31.43	23,339.87
63	158.02	126.42	31.6	23,308.27
64	158.02	126.25	31.77	23,276.5
65	158.02	126.08	31.94	23,244.56
66	158.02	125.91	32.11	23,212.45
67	158.02	125.73	32.29	23,180.16
68	158.02	125.56	32.46	23,147.7
69	158.02	125.38	32.64	23,115.06
70	158.02	125.21	32.81	23,082.25
71	158.02	125.03	32.99	23,049.26
72	158.02	124.85	33.17	23,016.09
73	158.02	124.67	33.35	22,982.74
74	158.02	124.49	33.53	22,949.21
75	158.02	124.31	33.71	22,915.5
76	158.02	124.13	33.89	22,881.61
77	158.02	123.94	34.08	22,847.53
78	158.02	123.76	34.26	22,813.27
79	158.02	123.57	34.45	22,778.82
80	158.02	123.39	34.63	22,744.19
81	158.02	123.2	34.82	22,709.37
82	158.02	123.01	35.01	22,674.36
83	158.02	122.82	35.2	22,639.16
84	158.02	122.63	35.39	22,603.77
85	158.02	122.44	35.58	22,568.19
86	158.02	122.24	35.78	22,532.41
87	158.02	122.05	35.97	22,496.44
88	158.02	121.86	36.16	22,460.28
89	158.02	121.66	36.36	22,423.92
90	158.02	121.46	36.56	22,387.36
91	158.02	121.26	36.76	22,350.6
92	158.02	121.07	36.95	22,313.65
93	158.02	120.87	37.15	22,276.5
94	158.02	120.66	37.36	22,239.14
95	158.02	120.46	37.56	22,201.58
96	158.02	120.26	37.76	22,163.82
97	158.02	120.05	37.97	22,125.85
98	158.02	119.85	38.17	22,087.68
99	158.02	119.64	38.38	22,049.3
100	158.02	119.43	38.59	22,010.71
101	158.02	119.22	38.8	21,971.91
102	158.02	119.01	39.01	21,932.9
103	158.02	118.8	39.22	21,893.68
104	158.02	118.59	39.43	21,854.25
105	158.02	118.38	39.64	21,814.61
106	158.02	118.16	39.86	21,774.75
107	158.02	117.95	40.07	21,734.68
108	158.02	117.73	40.29	21,694.39
109	158.02	117.51	40.51	21,653.88
110	158.02	117.29	40.73	21,613.15
111	158.02	117.07	40.95	21,572.2
112	158.02	116.85	41.17	21,531.03
113	158.02	116.63	41.39	21,489.64
114	158.02	116.4	41.62	21,448.02
115	158.02	116.18	41.84	21,406.18
116	158.02	115.95	42.07	21,364.11
117	158.02	115.72	42.3	21,321.81
118	158.02	115.49	42.53	21,279.28
119	158.02	115.26	42.76	21,236.52
120	158.02	115.03	42.99	21,193.53

First 120 of 360 rows.

Yearly summarytable

year	interest	principal	endingBalance
1	1,616.77	279.47	24,720.53
2	1,598.05	298.19	24,422.34
3	1,578.1	318.14	24,104.2
4	1,556.78	339.46	23,764.74
5	1,534.06	362.18	23,402.56
6	1,509.77	386.47	23,016.09
7	1,483.92	412.32	22,603.77
8	1,456.29	439.95	22,163.82
9	1,426.81	469.43	21,694.39
10	1,395.38	500.86	21,193.53
11	1,361.82	534.42	20,659.11
12	1,326.05	570.19	20,088.92
13	1,287.85	608.39	19,480.53
14	1,247.13	649.11	18,831.42
15	1,203.64	692.6	18,138.82
16	1,157.26	738.98	17,399.84
17	1,107.77	788.47	16,611.37
18	1,054.98	841.26	15,770.11
19	998.63	897.61	14,872.5
20	938.52	957.72	13,914.78
21	874.36	1,021.88	12,892.9
22	805.94	1,090.3	11,802.6
23	732.91	1,163.33	10,639.27
24	655.02	1,241.22	9,398.05
25	571.9	1,324.34	8,073.71
26	483.2	1,413.04	6,660.67
27	388.55	1,507.69	5,152.98
28	287.6	1,608.64	3,544.34
29	179.86	1,716.38	1,827.96
30	64.89	1,827.96	0

Results are general information, not financial, tax, legal, medical or engineering advice.