Fixed loan payment

Fill in the fields, select Run, then copy or download the result. Load example restores the initial values.

Example input

Loan amount: 10000
Annual rate (%): 6
Months: 12

Example result

{
  "monthlyPayment": 860.6642970708,
  "total": 10327.97156485,
  "interest": 327.9715648499
}

The model uses a fixed rate and excludes fees, taxes and variable rates.