A free arithmetic tool. It is not advice, and nothing about you is being assessed.
This calculator performs arithmetic on figures you type, in your own browser. Nothing is sent, saved, stored or seen by anyone. There is no form, no submission, no account and no tracking — no mechanism exists by which your figures could reach the author or anyone else. Close the page and nothing remains.
It is not advice — financial, insurance, investment, tax or legal. It is not a needs analysis, not a suitability assessment, not a recommendation and not an offer. It models no financial product of any kind, and the rates you enter are your own assumptions, not rates offered or achievable anywhere. No determination is made about you and nothing is being sold to you on this page.
Real loans and real investments carry fees, taxes, compounding conventions, penalties and terms this simple arithmetic ignores. Treat any figure here as a rough illustration to take to your own advisers, never as a quotation, a projection or a basis for a decision. Nothing here creates a professional-client relationship.
The author accepts no responsibility for any decision made on the basis of this tool.
Most people know their monthly payment. Far fewer know the total interest — and it is the total that matters, because that figure is gone for good once paid.
This is ordinary amortisation arithmetic, the same used by every lender. It assumes a fixed rate, equal monthly payments and no fees. A real loan will differ: setup costs, insurance, penalties and compounding conventions all change the outcome.
Your figures
That is arithmetic on the numbers you entered. It is not a quotation, not an offer, and no lender is bound by it. Take it to your own advisers.
A free arithmetic tool. It is not advice, and nothing about you is being assessed.
This calculator performs arithmetic on figures you type, in your own browser. Nothing is sent, saved, stored or seen by anyone. There is no form, no submission, no account and no tracking — no mechanism exists by which your figures could reach the author or anyone else. Close the page and nothing remains.
It is not advice — financial, insurance, investment, tax or legal. It is not a needs analysis, not a suitability assessment, not a recommendation and not an offer. It models no financial product of any kind, and the rates you enter are your own assumptions, not rates offered or achievable anywhere. No determination is made about you and nothing is being sold to you on this page.
Real loans and real investments carry fees, taxes, compounding conventions, penalties and terms this simple arithmetic ignores. Treat any figure here as a rough illustration to take to your own advisers, never as a quotation, a projection or a basis for a decision. Nothing here creates a professional-client relationship.
The author accepts no responsibility for any decision made on the basis of this tool.