Money
Loan repayment calculator
Understand the monthly and total cost of a fixed-rate loan before you commit.
Uses a standard fixed-rate amortising loan with equal monthly payments. Fees, insurance, taxes, and variable rates are excluded.
Estimated monthly payment
$512.91
60 monthly payments at 8.5% per year.
Illustrative estimate only. Your lender may use different compounding, fees, payment dates, or rounding.
Plain-language method
Turn an annual rate into a monthly plan.
An amortising loan spreads principal and interest across equal monthly payments. Early payments contain more interest; later payments contain more principal.
The estimate assumes the interest rate and payment remain fixed for the full term.
Results update instantly and stay on your device. Review the assumptions above before using an estimate for a financial decision.