Loan Calculators
Use our financial calculators to help you make informed decisions about your mortgage and loans.
Our Financial Calculators
Explore our range of calculators designed to help you plan your financial future.
Mortgage Calculator
Calculate monthly repayments for a principal and interest (P&I) loan.
Enter loan amount, interest rate, and term
Calculate monthly repayment amount
View total repayment and interest over loan term
Loan Comparison Calculator
Compare up to 3 loans side-by-side to find the best option.
Enter details for up to 3 different loans
Compare monthly repayments, total interest, and fees
View visual comparison charts to help with decision making
Interest-Only Calculator
Calculate repayments during the interest-only period of your loan.
Enter loan amount, interest rate, and interest-only period
Calculate monthly interest-only payments
Compare with principal and interest repayments
Car Loan Calculator
Estimate car loan repayments based on purchase price and loan terms.
Enter car price, down payment, trade-in value, and loan term
Calculate monthly car loan repayments
View total cost including interest and fees
Understanding Our Calculators
Learn about the formulas and calculations behind our financial tools.
Mortgage Calculator Formula
M = P × [r(1+r)^n] / [(1+r)^n - 1]
Where:
- M = Monthly repayment
- P = Loan principal
- r = Monthly interest rate (Annual ÷ 12 ÷ 100)
- n = Total number of payments (Years × 12)
Example: For a $500,000 loan at 5% interest over 30 years:
- r = 0.05 / 12 = 0.004167
- n = 30 × 12 = 360
- M ≈ $2,684.11
Interest-Only Calculator Formula
M = (P × r) / 12
Where:
- M = Monthly interest-only payment
- P = Loan principal
- r = Annual interest rate (decimal)
Example: For a $400,000 loan at 6.5% interest:
- M = (400,000 × 0.065) / 12
- M = $2,166.67 per month
Car Loan Calculator Formula
P = Car Price - Down Payment - Trade-In Value
M = P × [r(1+r)^n] / [(1+r)^n - 1]
Where:
- P = Loan amount
- M = Monthly repayment
- r = Monthly interest rate (Annual ÷ 12 ÷ 100)
- n = Total number of payments (Months)
Example: For a $30,000 car with $5,000 down payment, $2,000 trade-in, 5% interest, 60-month term:
- Loan Amount = $23,000
- r = 0.05 / 12 = 0.004167
- n = 60
- M ≈ $434.25 per month
Loan Comparison Calculations
Our loan comparison calculator helps you compare different loan options by calculating:
Monthly repayments for each loan option
Total repayment amount over the full loan term
Total interest paid over the life of each loan
Upfront and ongoing fees associated with each loan
This allows you to make a side-by-side comparison to determine which loan offers the best value over time.