Loan Calculator
Work out an annuity loan from the amount, annual interest rate and term: the fixed monthly payment, total paid, total interest and an amortisation schedule of up to 360 months showing principal, interest and remaining balance.
Reads: amount from input "amount" · annualRatePercent from input "rate" · term from input "years" · termUnit is fixed
amount (required)NumberHow much is borrowed. Example: 250000
annualRatePercent (required)NumberYearly interest rate in percent. Example: 4.5
term (required)NumberHow long the loan runs, in years by default. Example: 30
termUnit (optional)Text (String)years (default) or months. Example: years
What this step gives back
{
"amount": 250000,
"annualRatePercent": 4.5,
"termMonths": 360,
"monthlyPayment": 1266.71,
"totalPaid": 456016.78,
"totalInterest": 206016.78,
"interestToPrincipalRatio": 0.82,
"schedule": [
{
"month": 1,
"payment": 1266.71,
"principal": 329.21,
"interest": 937.5,
"balance": 249670.79
}
],
"scheduleTruncated": false
}A later step reading this one can take the whole object, or a path into it such as amount.