Loan Repayment Calculator
Calculate the monthly repayment, total cost and total interest of a fixed-rate loan or mortgage.
- Monthly repayment
- £386.66
- Total repaid
- £23,199.36
- Principal
- £20,000.00
- Total interest
- £3,199.36
- Principal 86%
- Total interest 14%
Balance remaining
StartYear 5: £0.00
Frequently asked questions
What formula is used?
The standard amortisation formula: P × r / (1 − (1 + r)^−n), with r the monthly rate and n the number of months.
Does it include fees?
No. Arrangement fees, insurance and early-repayment charges are not included.
Can I use it for a mortgage?
Yes, for any fixed-rate repayment loan. Enter the term in years.