Loan Calculator
Calculate payments, total interest and repayment with optional extra payments, fully local in your browser.
Calculate payments, interest and total repayment for a fixed-rate loan.
Calculation only on this device
Estimated regular payment
$386.66
Payment interval: Monthly
- Loan amount
- $20,000.00
- Total interest
- $3,199.36
- Total repayment
- $23,199.36
- Scheduled payments
- 60
- Equivalent effective annual rate
- 6.1678%
- Final payment
- $386.66
Show repayment details
| Year | Opening balance | Payments | Principal repaid | Interest | Extra payments | Closing balance |
|---|---|---|---|---|---|---|
| 1 | $20,000.00 | $4,639.87 | $3,536.06 | $1,103.81 | $0.00 | $16,463.94 |
| 2 | $16,463.94 | $4,639.87 | $3,754.16 | $885.71 | $0.00 | $12,709.78 |
| 3 | $12,709.78 | $4,639.87 | $3,985.71 | $654.16 | $0.00 | $8,724.07 |
| 4 | $8,724.07 | $4,639.87 | $4,231.54 | $408.33 | $0.00 | $4,492.53 |
| 5 | $4,492.53 | $4,639.87 | $4,492.53 | $147.34 | $0.00 | $0.00 |
This calculation is an estimate. Fees, insurance, taxes, changing rates, calendar-day rules, rounding and contract terms can change the actual result.
Good to know
Good to know
The Loan Calculator supports model calculations for loan payment, term, interest rate, remaining balance, and total repayment. Enter loan amount, interest rate, term, payment frequency, and optional extra payment and review regular payment, total interest, repayment, amortization schedule, and effect of extra payments, so assumptions, magnitudes, and alternatives are easier to compare.
Typical searches include loan payment calculator, loan calculator, amortization schedule. Calculation runs locally in the browser and shows results, intermediate steps, and key figures without upload. Fees, insurance, variable rates, and day-count conventions can change real offers.
Typical use cases
Compare scenarios
Change amount, term, interest rate, payment, or target value and immediately see how the key figures change.
Document assumptions
The core logic is: annuity = principal times periodic rate divided by one minus discount factor. Visible inputs, results, and intermediate steps help explain the model calculation in notes, spreadsheets, or conversations.
Prepare decisions
Use the values as orientation for questions to lenders, tax advisors, employers, providers, or internal planning. The tool does not replace individual advice.
Tips for better results
Separate nominal and real values
Inflation, fees, taxes, and purchasing power can materially change the result. Check whether you are comparing nominal amounts or values in today's purchasing power.
Check contract details separately
Lender offers, credit cards, insurance, taxes, and investment products often use their own rounding, fee, and calendar rules. Binding decisions require the original documents.
Test sensitivity
Run conservative, middle, and optimistic variants. Small changes in rate, term, inflation, or payment can create large differences in financial calculations.
How it works
How it works
Step by step
Features
Features
Local in the browser
Inputs and results are not uploaded for calculation.
Flexible assumptions
Adjust loan amount, interest rate, term, payment frequency, and optional extra payment and compare variants immediately.
Traceable calculation path
Formulas, intermediate steps, and key figures make the model calculation easier to review.
No financial advice
The result is a model calculation, not a recommendation for credit, investing, tax, or contracts.
Frequently asked questions
Frequently asked questions
Is the Loan Calculator financial advice?
No. The tool creates a calculation model based on your inputs. It does not account for your individual situation, a full contract, or personal tax position.
Why can a provider calculate different numbers?
Providers may include fees, day-count rules, rounding, special terms, taxes, bonuses, or contract details that are not part of a general browser calculation.
Are my financial values stored?
No. Calculation runs in the browser. Entered values are not transferred to Xoricon for the calculation.
Why do rounding and currency matter?
Small rounding differences can add up over many months or periods. The currency selection controls only symbol and number format; all compared amounts should already be in the same currency.
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