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Loan Calculator
Calculate monthly payment, overpayment and full loan repayment schedule. Compare annuity and differentiated payments.
4.9
Calculation Parameters
Enter data for calculation
50000 $
50000 $10000000 $
5% per year
1% per year50% per year
3 yrs
3 mos30 yrs
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Everything about Loan Calculator
A loan calculator is a tool for calculating consumer loan parameters. With it, you can find out in advance the monthly payment amount, total overpayment and create a repayment schedule.
Our calculator supports two payment types: annuity (equal payments each month) and differentiated (decreasing payments). You can compare both options and choose the optimal one for your situation.
Remember that calculation results are approximate. Exact loan terms may differ depending on the bank, your credit history and other factors.
Frequently Asked Questions
Answers to common questions about this calculator
For annuity payment, the formula is used: P = S × (i × (1 + i)^n) / ((1 + i)^n - 1), where S is the loan amount, i is the monthly interest rate (annual / 12), n is the number of months. For differentiated payment, the principal is divided into equal parts, and interest is charged on the balance.
Differentiated payment is better in terms of total overpayment, as the principal is paid off faster. However, the first payments will be significantly higher. Annuity payment is more convenient for budget planning due to the fixed amount.
Main ways: 1) Choose a shorter loan term, 2) Make early repayments towards the principal, 3) Choose differentiated payment type, 4) Compare offers from different banks and choose the minimum rate.
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