This calculator works out how much your loan repayments will need to be depending on the interest rate, period of loan, amount, and frequency of repayments. It also shows the total amount you will repay including interest.
Notes on this calculator
- Results are in today's dollars – this means that any amount you pay or
receive in the future will have the same buying power as this many dollars
today.
For example, if you could buy something worth $1000 now, in 10 years time, you would need $1220 ("nominal dollars") to buy that same thing
(assuming 2% inflation). The $1220 nominal dollars in ten years time is equivalent to $1000 today's dollars.This means that the actual
dollar amounts that you pay or receive are likely to be more than the figure quoted here, but it will have the same current buying power.
Learn more about Today's Dollars.
- These calculators are designed to give you ballpark figures only – in other words, they won't be exact to the absolute dollars and cents.
- You don't need to use dollar signs or commas when inserting dollar amounts.
Example: 10500 not $10,500.