02 · Mortgage / Loan Calculator
Find out your monthly payment with equal principal-and-interest amortization.
How it works
1Enter loan amount, annual rate, and term
2Click "Calculate"
3See your monthly payment and total interest
LOAN RESULT SLIP
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Loan amount--
Term--
Total repayment--
Total interest--
Estimated using standard amortization. Actual figures depend on your lender and don't include fees.
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How is the monthly payment calculated?
With equal payment amortization, each monthly payment stays the same, but the mix of principal vs. interest shifts over time. Formula: Payment = Principal × monthly rate × (1+rate)^months ÷ [(1+rate)^months − 1].