Loan Repayment Calculator
Calculate remaining balance, interest, payment and repayment progress including annual extra repayment.
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Estimate how your loan develops over time. It shows not only the remaining balance after the selected term, but also the monthly payment, annual regular payment, interest cost, repayment progress and the effect of annual extra repayments. This is especially useful for mortgages, refinancing and long-term loan planning.
FAQ about Loan Repayment Calculator
What is an initial repayment rate?
It is the percentage of the original loan amount that you repay each year in addition to interest.
Why does the remaining balance decline more slowly at the beginning?
Because the interest portion of the payment is highest at the start, a smaller share initially goes toward reducing the principal.
How do extra repayments affect the loan?
Extra repayments reduce the remaining balance in addition to the regular payment. That usually lowers future interest cost as well.
Is a higher repayment rate always better?
It often reduces the term and remaining balance, but it also usually increases the regular payment. The key question is whether the payment still fits your long-term budget.
Does it help with refinancing preparation?
Yes, at least roughly. The remaining balance after the selected period is an especially useful first reference point for that.
Does this calculator replace a real bank offer?
No. It is intended for general information and scenario planning. Contract details, fees, repayment changes and actual fixed-rate terms may differ in practice.
Why is the monthly payment constant here?
The calculator uses a simplified annuity-style model based on interest rate and initial repayment. That makes it practical for high-level financing comparisons.