Loan Installment Calculator
Fixed payments, total paid and interest (Price table).
Simulate installments
- Type amount, rate per period and number of periods.
- Compare total interest before signing.
Loan questions
Monthly or yearly rate?
Match the period: monthly rate for monthly installments. Convert yearly with (1+rate)^(1/12)−1.
Why does the total exceed the amount?
Early installments are mostly interest. That gap is the loan cost. Simulation only: real contracts add fees, insurance and taxes — confirm with the lender.
What does 2% on 10,000 look like?
12 payments of 945.6: total 11347.2 with 1347.2 interest. At zero rate it splits evenly — 1200 over 12 is 100 each.