Finance
Estimate monthly payments, total payment and total interest.
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Estimate monthly payments, total payment and total interest. Enter the amount borrowed, annual interest rate and term in years to estimate the monthly payment, total repaid and total interest.
M = P × r(1+r)ⁿ ÷ ((1+r)ⁿ − 1)
Results are estimates for informational purposes.
P = €250,000 · r = 4.5% ÷ 12 · n = 20 × 12 = 240
The payment is an amortization estimate based on principal, periodic interest and term. The total interest shows financing cost within that model, not necessarily the lender’s complete annual percentage rate or final settlement amount.
Monthly payment times payment count minus principal approximates total interest. First-month interest should equal opening balance times the monthly rate.
Origination fees, insurance, taxes, late charges, variable rates and lender-specific rounding are excluded unless entered elsewhere. Compare official offers using the same amount, term and fee assumptions before making a commitment.
Test a shorter term, a lower rate and an additional principal payment separately. This reveals whether the decision is driven more by monthly affordability or by total borrowing cost.
Compare two terms with the same principal and annual rate. A longer term may lower the payment but raise total interest; fees and variable-rate changes remain excluded.
Illustrative estimate; fees, taxes and provider rules are excluded unless stated.
MethodologyEstimate monthly payments, total payment and total interest. The result is calculated from the values you enter and the formula shown on this page.
It applies M = P × r(1+r)ⁿ ÷ ((1+r)ⁿ − 1). Values, fees, rules or timing not represented by an input are not added automatically.
