Loan Calculator
Calculate loan repayments with different amortization methods.
How to Use
- Enter the loan amount.
- Enter the annual interest rate (%).
- Enter the loan term in months.
- Select the repayment method (equal payment / equal principal).
- View monthly payments and amortization schedule.
FAQ
What is the difference between equal payment and equal principal?
Equal payment (annuity) keeps the same monthly payment throughout. Equal principal repays the same amount of principal each month plus interest on the remaining balance. Equal principal has higher initial payments but lower total interest.
Is this accurate for real loans?
This provides a simplified calculation. Real loans may include prepayment fees, variable rates, grace periods, and other factors.