Loan / Amortisation
Calculate the periodic payment for an amortising loan, the total interest over the term, and a period-by-period schedule of interest and principal.
Frequently asked questions
- What formula is used?
- The standard amortising payment formula M = P x r / (1 - (1 + r)^-n), with r as the rate per period.
- Does it include fees?
- No. It models principal and interest only.