Mondo Knows Tools
Repayment Calculator
What it takes to repay a fixed balance at a given rate. Use the free repayment calculator below to get an instant answer, with the formula shown so you can check the maths and trust the result. Free, private, and no sign-up.
$
%
years
Mondo says
Monthly payment
$488.26
/mo
Total interest$3,436.41
Total paid$23,436.41
Payments48
How it works
Repayment Calculator works out the level payment that clears the balance over the term, then splits every payment into interest and principal.
The formula
Payment = P x r / (1 - (1 + r)^-n), where r is the periodic rate and n the number of payments.Repayment Calculator: common questions
- What does the Repayment Calculator work out?
- What it takes to repay a fixed balance at a given rate. It is one of the Money & Finance tools on Mondo Knows.
- How is the Repayment Calculator calculated?
- Repayment Calculator works out the level payment that clears the balance over the term, then splits every payment into interest and principal. The maths is short enough to check by hand: Payment = P x r / (1 - (1 + r)^-n), where r is the periodic rate and n the number of payments.
- Do I need to sign up, and is my data stored?
- No sign-up, and nothing you type is sent anywhere. The calculation runs in your own browser, so the figures stay on your device and the page works offline once loaded.
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Estimates for general guidance only. This is not financial, medical or legal advice. Everything runs in your browser and nothing you type is stored.