💶 Loan Calculator – Calculate your Monthly Installment and Total Cost
With the MoneyNarrative Loan Calculator*you can easily and transparently calculate which monthly installment, interest costs, and total costs you will face with a loan. The calculator is suitable for installment loans, construction financing, or car loans and also takes into account special repayments, terms, and interest rates.
It helps you to better understand:
- How interest, term, and amortization affect the monthly installment
- What the total costs really are over the term
- How you can shorten the term and save on interest costs through special repayments
💡 Example Calculation
Suppose you take out a loan of €200,000, with an effective annual interest rate (APR) of 3.56% and a term of 20 years.
This results in:
- Monthly Installment: €1,159.92
- Total Cost: €278,381
- Total Interest: €78,381
- Effective Annual Interest Rate (APR): 3.56%
You immediately see which portion of your payment goes towards interest and which goes towards amortization – including a graphical amortization schedule.
📈 How the Loan Calculator Works
- Enter Loan Amount: For example, €10,000, €50,000, or €200,000
- Select Term: In months or years
- Interest Rate: Effective annual interest rate of your loan
- Special Repayment (optional): Additional annual repayments to shorten the term
- Start Date: Optional start date for the first installment
The calculator will then show you:
- Your monthly installment
- The total cost over the term
- The interest portion and amortization portion per year
- A clear amortization schedule
🧮 Why the Loan Calculator is Important
A loan often accompanies you for many years – small differences in interest rates or a different term can save or cost thousands of euros. With the loan calculator, you immediately get a realistic overview of the actual costs of your loan.
🧭 Conclusion
The MoneyNarrative Loan Calculator is the ideal tool for objectively comparing loan offers and making well-founded financing decisions. It helps you find the optimal loan – tailored to your monthly burden and your financial goals.
💬 Tip
Use the Compound Interest Calculator or the Inflation Calculator to understand how interest and purchasing power can influence your loan decision in the long term.