Estimate the monthly payment, interest and total cost of a fixed-rate amortizing loan, with or without optional insurance.
Your financing
Adjust the principal, rate, term and insurance to see their effect on your monthly payment instantly.
| Year | Principal repaid | Interest | Total paid | Balance remaining |
|---|---|---|---|---|
| 1 | €8,788.90 | €8,609.90 | €17,398.80 | €241,211.10 |
| 2 | €9,101.49 | €8,297.31 | €17,398.80 | €232,109.61 |
| 3 | €9,425.21 | €7,973.59 | €17,398.80 | €222,684.40 |
| 4 | €9,760.42 | €7,638.38 | €17,398.80 | €212,923.98 |
| 5 | €10,107.58 | €7,291.22 | €17,398.80 | €202,816.40 |
| 6 | €10,467.08 | €6,931.72 | €17,398.80 | €192,349.32 |
| 7 | €10,839.35 | €6,559.45 | €17,398.80 | €181,509.97 |
| 8 | €11,224.86 | €6,173.94 | €17,398.80 | €170,285.11 |
| 9 | €11,624.13 | €5,774.67 | €17,398.80 | €158,660.98 |
| 10 | €12,037.57 | €5,361.23 | €17,398.80 | €146,623.41 |
| 11 | €12,465.70 | €4,933.10 | €17,398.80 | €134,157.71 |
| 12 | €12,909.06 | €4,489.74 | €17,398.80 | €121,248.65 |
| 13 | €13,368.20 | €4,030.60 | €17,398.80 | €107,880.45 |
| 14 | €13,843.66 | €3,555.14 | €17,398.80 | €94,036.79 |
| 15 | €14,336.03 | €3,062.77 | €17,398.80 | €79,700.76 |
| 16 | €14,845.92 | €2,552.88 | €17,398.80 | €64,854.84 |
| 17 | €15,373.94 | €2,024.86 | €17,398.80 | €49,480.90 |
| 18 | €15,920.75 | €1,478.05 | €17,398.80 | €33,560.15 |
| 19 | €16,487.00 | €911.80 | €17,398.80 | €17,073.15 |
| 20 | €17,073.15 | €325.41 | €17,398.56 | €0.00 |
Indicative fixed-rate simulation. Arrangement, guarantee and other ancillary fees are not included.
Understand the loan
With a fixed-rate amortizing loan, each payment covers part of the principal and part of the interest. The payment stays level, but its composition changes over time.
The principal C is the amount provided by the lender. The nominal annual rate is converted into a monthly rate i, usually by dividing it by twelve, while the term is expressed as the total number of payments n.
These three variables determine the payment before insurance: borrowing more, choosing a shorter term or paying a higher rate increases the monthly amount.
Early in the loan, interest makes up a larger share of each payment because the outstanding balance is still high. That share falls as more principal is repaid.
Extending the term usually lowers the monthly payment, but increases cumulative interest and therefore the total cost of borrowing.
When you enter an insurance rate, this calculator applies it to the initial principal. The estimated premium therefore stays constant and is added to the loan payment. Some policies instead use the outstanding balance.
Application, guarantee and broker fees, lender-specific terms, taxes and other potential costs are not included. The result is indicative and is not a financing offer.
FAQ
The essentials to know when interpreting the payment and comparing financing scenarios.
It depends on the principal, periodic interest rate and number of payments. The formula allocates principal and interest so that the monthly payment before insurance remains level.
This simulation divides the nominal annual rate by twelve. The exact conventions in a loan agreement and its APR may include other elements and produce a different overall cost.
Yes, but only when you enter a rate. Here it is calculated on the initial principal, producing a constant monthly premium. Insurance based on the outstanding balance will change over time.
The estimate excludes application, guarantee and broker fees, bank charges, taxes, penalties, rate changes and any lender-specific terms or conditions.
No. It is a mathematical estimate, not a financing offer. A lender will assess factors such as your income, expenses, collateral, debt burden and eligibility.