Loan Payment Calculator
Calculate the monthly payment of a loan or mortgage. Free, fast and easy to use.
How it works
The calculator uses the standard annuity formula, so the monthly payment stays the same for the whole term. It also shows the total amount repaid and the total interest. Fees and insurance are not included.
Formula
M = P × r / (1 − (1 + r)^−n) r = annual rate / 12, n = years × 12
Worked examples
- Loan amount (€): 200000 · Annual interest rate (%): 4 · Years: 30 → Monthly payment: €954.83
- Loan amount (€): 15000 · Annual interest rate (%): 7 · Years: 5 → Monthly payment: €297.02
Calculations run locally in your browser. Results are for information only — for engineering, electrical or financial decisions, verify the assumptions and applicable standards.
Frequently asked questions
What is the monthly payment on a €200,000 mortgage?
At 4 % interest it is about €954.83 a month over 30 years, or €1,211.96 a month over 20 years.
How can I pay less interest?
Choose a shorter term, make extra repayments or negotiate a lower rate. Even 0.5 percentage points less saves thousands over a long mortgage.