Loan Calculator
Calculate monthly payment, interest and total cost.
Monthly payment
$361,524
Principal
$10,000,000
Interest
$3,014,862
Total to pay
$13,014,862
How does a loan work?
A fixed-installment loan uses the French amortization formula, where each installment includes a portion of principal and a portion of interest. At the beginning, most of the installment is interest; over time, the proportion reverses and more principal is paid.
Interest rates for consumer credit vary between institutions. For mortgage loans, rates tend to be lower. Always compare among several institutions before taking out a loan.
Frequently asked questions
Is the rate monthly or annual?
Our calculator uses a monthly rate. If you're given an annual rate, divide it approximately by 12 to get the monthly rate.
Does it include insurance and other costs?
No. This is a basic capital + interest calculator. Real loans may include insurance, commissions, and other costs that increase the installment.
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