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Loan and mortgage calculator
For general information only — not financial advice. Real loans and savings accounts have fees, compounding rules and taxes that change the result; ask your lender or a qualified adviser before deciding.
The payment uses the standard formula for a fixed-rate loan repaid monthly: payment = P × r ÷ (1 − (1 + r)−n), where r is the yearly rate ÷ 12 and n the number of months.