Loan Interest Calculator
Compare 3 repayment methods: equal payment, equal principal, bullet
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | 604,167 | 416,667 | 187,500 | 49,583,333 |
| 2 | 602,604 | 416,667 | 185,938 | 49,166,667 |
| 3 | 601,042 | 416,667 | 184,375 | 48,750,000 |
| 4 | 599,479 | 416,667 | 182,813 | 48,333,333 |
| 5 | 597,917 | 416,667 | 181,250 | 47,916,667 |
| 6 | 596,354 | 416,667 | 179,688 | 47,500,000 |
| 7 | 594,792 | 416,667 | 178,125 | 47,083,333 |
| 8 | 593,229 | 416,667 | 176,563 | 46,666,667 |
| 9 | 591,667 | 416,667 | 175,000 | 46,250,000 |
| 10 | 590,104 | 416,667 | 173,438 | 45,833,333 |
| 11 | 588,542 | 416,667 | 171,875 | 45,416,667 |
| 12 | 586,979 | 416,667 | 170,313 | 45,000,000 |
Showing first 12 of 120 months
This calculator is for reference only. Consult your financial institution for actual loan terms.
Loan repayment affects total interest. Equal payment (same amount each month) vs equal principal (decreasing payment) vs bullet (interest-only, principal at end) — each has different total interest and cash flow. Pare Calculators compares all three. Enter principal, rate, term, and see monthly breakdown. Free, private, no sign-up. Reference only — consult your financial institution for actual terms.
Equal payment: fixed monthly amount, interest-heavy early. Equal principal: principal portion fixed, interest decreases over time — often lower total interest. Bullet: interest-only during term, principal at maturity — common for bridge loans. Use equal payment for predictable budgeting. Use equal principal to minimize total interest. Use bullet for short-term or bridge financing. This calculator is for reference only — actual terms vary by lender.
How to Use the Loan Calculator
- Enter loan details — Enter principal (amount), annual rate (%), and term (months).
- Choose repayment method — Equal payment: same monthly amount. Equal principal: decreasing payment. Bullet: interest-only, principal at end.
- Review schedule — See monthly breakdown and total interest. Use Share to copy the URL with your inputs.
FAQ
Is the loan calculator free?
Yes. Pare Calculators are 100% free. No sign-up, no limits. All calculations run in your browser.
What is the difference between equal payment and equal principal?
Equal payment: same amount each month (interest + principal). Equal principal: principal portion fixed, interest decreases over time.
What is bullet repayment?
Interest-only during the term. Principal repaid in full at maturity. Common for bridge loans.
Is this calculator accurate for my loan?
This is for reference only. Actual terms vary by lender. Consult your financial institution for real loan terms.
Is my data sent to a server?
No. All calculations run in your browser. Your loan details never leave your device.