Loan calculator
Calculate and compare repayment and interest-only loans. View monthly payments, total interest costs, and potential savings.
Loan Details
Annuity Loan (Repayment)
Fixed monthly payments throughout the loan period. The proportion of interest and principal changes over time.
Monthly Payment:-
Total Repaid:-
Total Interest Cost:-
First and Last Payments:
Month 1
Principal:-
Interest:-
Final Month
Principal:-
Interest:-
Serial Loan (Interest-Only alternative)
Fixed principal repayment each month, but decreasing interest. Monthly payments reduce over time.
First Monthly Payment:-
Final Monthly Payment:-
Total Repaid:-
Total Interest Cost:-
First and Last Payments:
Month 1
Principal:-
Interest:-
Final Month
Principal:-
Interest:-
Comparison
You save - in interest costs with a serial loan compared to an annuity loan.
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