Loan & Mortgage Repayment Calculator
See your monthly repayment, the total interest, and what overpaying saves you.
- Total interest
- US$135,678.62
- Total paid over the term
- US$315,678.62
- Term
- 300 months
How this works
The repayment figure uses the standard amortising formula banks use: each month you pay the interest that has built up on the outstanding balance, and whatever is left of your payment reduces the balance itself. Early on most of the payment is interest; later on most of it clears the debt.
The overpayment figures are simulated month by month, so they show the real effect of putting extra in — a shorter term and less interest overall.
Want Edentro X to do this automatically?
This tool works out one number, once. Edentro X keeps the whole picture up to date for you — every receipt, bill and shop feeding the same intelligent view of your money.
- Scan a receipt once — spending, prices and inventory all update
- Bills, budgets and savings goals kept in step automatically
- Works on iOS, Android and the web
Free to use, nothing stored. Everything is calculated in your browser.