π³
Loan Repayment Calculator
Calculate monthly payments and view your full amortization schedule.
π³
Loan Calculator
Equal installment & equal principal
$
%
months
Repayment Methods Explained
Equal Installment (ηι’ζ¬ζ―)
You pay the same amount every month. Early payments are mostly interest; later payments are mostly principal. This is the most common method for mortgages and consumer loans.
M = P Γ [r(1+r)^n] / [(1+r)^n β 1]
M = monthly payment Β· P = principal Β· r = monthly rate Β· n = total months
Equal Principal (ηι’ζ¬ι)
You pay the same amount of principal each month, but interest decreases over time. Monthly payments start higher but decrease gradually. You pay less total interest compared to equal installment.
Monthlyβ = P/n + P Γ r
Monthly_k = P/n + (P β P/n Γ (kβ1)) Γ r
k = payment number