Loan calculator
Calculate and compare repayment and interest-only loans. View monthly payments, total interest costs, and potential savings.
Annuity Loan (Repayment)
Fixed monthly payments throughout the loan period. The proportion of interest and principal changes over time.
- Monthly Payment:
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- Total Repaid:
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- Total Interest Cost:
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First and Last Payments:
Month 1
- Principal:
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- Interest:
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Final Month
- Principal:
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- Interest:
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Serial Loan (Interest-Only alternative)
Fixed principal repayment each month, but decreasing interest. Monthly payments reduce over time.
- First Monthly Payment:
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- Final Monthly Payment:
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- Total Repaid:
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- Total Interest Cost:
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First and Last Payments:
Month 1
- Principal:
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- Interest:
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Final Month
- Principal:
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- Interest:
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Comparison
You save - in interest costs with a serial loan compared to an annuity loan.
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