OzTools
CALCULATORS

Loan Calculator.

Estimate EMI and total loan interest.

Three simple steps

How to use Loan Calculator

1

Enter the loan amount

The principal you plan to borrow.

2

Add rate and term

The annual interest rate and the number of years to repay.

3

See the repayments

You get the regular repayment, total interest and total cost over the life of the loan.

Included free

Built for the job

  • Free, no sign-up
  • Runs entirely in your browser
  • No file uploads or storage
  • Works on mobile and desktop

Helpful answers

Frequently asked questions

Does this include fees?

No. It calculates principal and interest only. Add establishment, monthly account and any lender's mortgage insurance separately to get the true cost.

How much does a small rate change matter?

A lot over a long term. On a $600,000 30-year loan, 0.25% is roughly $30,000 in extra interest. Re-run the numbers whenever your rate changes.