Loan Wey You Pay Only Interest First
Calculate interest-only payments and principal wey you must pay for the end.
Your numbers
Monthly payment wey cover only interest
Estimate for learning with your assumptions; no live prices, tax rules or guaranteed returns.
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Formula
Monthly interest na I = Pr/12 and interest for the whole term na nI. P na principal, r na nominal yearly interest fraction, and n na months. Payments wey cover interest alone leave principal to be paid.
Calculate interest-only payments and principal wey you must pay for the end.
Example wey show the calculation
- Principal
- 100000
- Nominal interest rate for one year (%)
- 6
- Term in months
- 12
- Monthly payment wey cover only interest
- 500
- Interest for loan period wey you enter
- 6,000
- Principal wey you still owe
- 100,000
Where e fit work and limits
Estimate for learning with your assumptions; no live prices, tax rules or guaranteed returns.
We check inputs for missing values and allowed ranges. Result wey pass the finite numeric range no go show. Rounding affect wetin display, while calculation use the model numeric precision.
Check your units and assumptions before you rely on result. Changing label no convert currency or physical unit.
Version of di formula: b0f2a330c4ac · Example don get check: