Estimate monthly loan payments, total repayment, and total interest from the amount, annual rate, and term.
Inputs
Amount borrowed
Annual interest rate
Repayment term in years
Results
Monthly Payment
€391.32
Total Paid
€23,479.38
Total Interest
€3,479.38
Overview
Use this calculator to estimate the cost of a fixed-rate amortizing loan.
Formula
M = P × r(1+r)^n ÷ ((1+r)^n − 1)
Methodology
The annual rate is converted to a monthly rate and payments are assumed monthly. Fees, taxes, and insurance are excluded.
This estimate models a fixed-rate amortizing loan from the entered principal, annual interest rate, and term. It does not include lender fees, insurance, taxes, penalties, variable-rate changes, or an APR unless those costs are separately represented. Actual loan disclosures can therefore differ from the estimate.