Loan amortization calculator

What if I pay off part of it early?

Year by year: principal and interest

Fixed-payment (French) schedule, with the TAN (the nominal annual rate) and monthly payments. It leaves out arrangement fees, insurance and variable rates: for the real cost you need the TAEG (the APR) in your contract.

Same payment, less interest each month

In a French schedule the payment stays the same, but at the start almost all of it goes to interest; over time the share that pays off the principal grows. That's why paying off part of the loan early saves more than doing it near the end.

The penalty field follows Italian rules: in Italy a home mortgage can be paid off early with no fees or penalties. For other loans, check your contract.

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For information only. The calculations are simplified estimates and the texts summarise rules that change: they are not tax advice. Always check with your broker, the rules in force or an adviser.