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Loan cost
Your numbers here are saved automatically — locally in this browser — and gathered on the Summary page, your one-place lookup across Personal economy.
All amounts are shown in US dollars (USD) — enter the loan in the same currency you will borrow in. Shorter terms mean higher monthly payments but far less total interest.
What will the loan cost per month?
Enter the loan amount, the annual interest rate and the term in years to see the monthly payment, the total repayment and how much of it is interest — in the currency you're borrowing in.
It answers questions like 'how much will my loan cost per month', 'what do I pay in interest on a mortgage' and 'what can I afford to borrow' — using the standard annuity formula banks use. See the monthly payment, the full repayment and the true interest cost of the term, in any currency.
Good to know
- 250,000 over 20 years at 5% costs roughly 1,650 per month.
- The annuity formula keeps the monthly payment fixed for the whole term.
- Shorter terms mean higher monthly payments but far less total interest.
How it works
- 1Enter the loan amount in your currency.
- 2Enter the annual interest rate and the term in years.
- 3The monthly payment is calculated with the standard annuity formula.
- 4Total repayment and total interest are shown alongside.
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