Principal and Interest
(comparison) Calculator

This calculator is designed to show you how different interest rates impact on your loan repayments.

To calculate the monthly payment, you can use the following formula:

Monthly Payment = P * r * (1 + r)^n / ((1 + r)^n – 1)
P = Loan Amount
r = Monthly interest rate (Annual interest rate divided by 12)
n = Number of monthly payments (Loan term in months)

As always, seek professional advice before making any financial decisions.