Loan Calculator

Payment & amortization

Use this calculator for any fixed-rate loan: mortgages, auto loans, personal loans, or bonds. Choose amortized (equal payments of principal and interest), deferred (interest-only for a period, then amortized), or bond-style (coupons plus face at maturity). Enter the loan amount, rate, term, and payment frequency to see your payment, total interest, and full schedule with a principal-versus-interest breakdown.

Display currency

🇨🇦 CAD

Inputs

Loan amount

Interest rate (%)

Loan term (years and months)

years

months

Payment frequency

Monthly

Compounding

Monthly (APR)

Results

Payment per period

CA$1,061

Total payments

CA$127,279

Total interest

CA$27,279

Total principal vs interest

CA$127,279

PrincipalCA$100,000 (79%)
InterestCA$27,279 (21%)

Principal and interest over time

Amount of principal and interest paid each year over the life of the loan.

Loading chart…

Payment #1PaymentCA$1,061PrincipalCA$644InterestCA$417BalanceCA$99,356

Payment #2PaymentCA$1,061PrincipalCA$647InterestCA$414BalanceCA$98,709

Payment #3PaymentCA$1,061PrincipalCA$649InterestCA$411BalanceCA$98,060

Payment #4PaymentCA$1,061PrincipalCA$652InterestCA$409BalanceCA$97,408

Payment #5PaymentCA$1,061PrincipalCA$655InterestCA$406BalanceCA$96,753

Payment #6PaymentCA$1,061PrincipalCA$658InterestCA$403BalanceCA$96,096

Payment #7PaymentCA$1,061PrincipalCA$660InterestCA$400BalanceCA$95,435

Payment #8PaymentCA$1,061PrincipalCA$663InterestCA$398BalanceCA$94,772

Payment #9PaymentCA$1,061PrincipalCA$666InterestCA$395BalanceCA$94,107

Payment #10PaymentCA$1,061PrincipalCA$669InterestCA$392BalanceCA$93,438

Payment #11PaymentCA$1,061PrincipalCA$671InterestCA$389BalanceCA$92,767

Payment #12PaymentCA$1,061PrincipalCA$674InterestCA$387BalanceCA$92,093

Payment #13PaymentCA$1,061PrincipalCA$677InterestCA$384BalanceCA$91,416

Payment #14PaymentCA$1,061PrincipalCA$680InterestCA$381BalanceCA$90,736

Payment #15PaymentCA$1,061PrincipalCA$683InterestCA$378BalanceCA$90,053

Payment #16PaymentCA$1,061PrincipalCA$685InterestCA$375BalanceCA$89,368

Payment #17PaymentCA$1,061PrincipalCA$688InterestCA$372BalanceCA$88,680

Payment #18PaymentCA$1,061PrincipalCA$691InterestCA$370BalanceCA$87,988

Payment #19PaymentCA$1,061PrincipalCA$694InterestCA$367BalanceCA$87,294

Payment #20PaymentCA$1,061PrincipalCA$697InterestCA$364BalanceCA$86,597

Payment #21PaymentCA$1,061PrincipalCA$700InterestCA$361BalanceCA$85,898

Payment #22PaymentCA$1,061PrincipalCA$703InterestCA$358BalanceCA$85,195

Payment #23PaymentCA$1,061PrincipalCA$706InterestCA$355BalanceCA$84,489

Payment #24PaymentCA$1,061PrincipalCA$709InterestCA$352BalanceCA$83,781

Payment #25PaymentCA$1,061PrincipalCA$712InterestCA$349BalanceCA$83,069

Payment #26PaymentCA$1,061PrincipalCA$715InterestCA$346BalanceCA$82,354

Payment #27PaymentCA$1,061PrincipalCA$718InterestCA$343BalanceCA$81,637

Payment #28PaymentCA$1,061PrincipalCA$721InterestCA$340BalanceCA$80,916

Payment #29PaymentCA$1,061PrincipalCA$724InterestCA$337BalanceCA$80,193

Payment #30PaymentCA$1,061PrincipalCA$727InterestCA$334BalanceCA$79,466

Payment #31PaymentCA$1,061PrincipalCA$730InterestCA$331BalanceCA$78,737

Payment #32PaymentCA$1,061PrincipalCA$733InterestCA$328BalanceCA$78,004

Payment #33PaymentCA$1,061PrincipalCA$736InterestCA$325BalanceCA$77,269

Payment #34PaymentCA$1,061PrincipalCA$739InterestCA$322BalanceCA$76,530

Payment #35PaymentCA$1,061PrincipalCA$742InterestCA$319BalanceCA$75,788

Payment #36PaymentCA$1,061PrincipalCA$745InterestCA$316BalanceCA$75,043

Payment #37PaymentCA$1,061PrincipalCA$748InterestCA$313BalanceCA$74,295

Payment #38PaymentCA$1,061PrincipalCA$751InterestCA$310BalanceCA$73,544

Payment #39PaymentCA$1,061PrincipalCA$754InterestCA$306BalanceCA$72,790

Payment #40PaymentCA$1,061PrincipalCA$757InterestCA$303BalanceCA$72,033

Payment #41PaymentCA$1,061PrincipalCA$761InterestCA$300BalanceCA$71,272

Payment #42PaymentCA$1,061PrincipalCA$764InterestCA$297BalanceCA$70,508

Payment #43PaymentCA$1,061PrincipalCA$767InterestCA$294BalanceCA$69,742

Payment #44PaymentCA$1,061PrincipalCA$770InterestCA$291BalanceCA$68,972

Payment #45PaymentCA$1,061PrincipalCA$773InterestCA$287BalanceCA$68,198

Payment #46PaymentCA$1,061PrincipalCA$777InterestCA$284BalanceCA$67,422

Payment #47PaymentCA$1,061PrincipalCA$780InterestCA$281BalanceCA$66,642

Payment #48PaymentCA$1,061PrincipalCA$783InterestCA$278BalanceCA$65,859

Payment #49PaymentCA$1,061PrincipalCA$786InterestCA$274BalanceCA$65,073

Payment #50PaymentCA$1,061PrincipalCA$790InterestCA$271BalanceCA$64,283

Payment #51PaymentCA$1,061PrincipalCA$793InterestCA$268BalanceCA$63,490

Payment #52PaymentCA$1,061PrincipalCA$796InterestCA$265BalanceCA$62,694

Payment #53PaymentCA$1,061PrincipalCA$799InterestCA$261BalanceCA$61,895

Payment #54PaymentCA$1,061PrincipalCA$803InterestCA$258BalanceCA$61,092

Payment #55PaymentCA$1,061PrincipalCA$806InterestCA$255BalanceCA$60,286

Payment #56PaymentCA$1,061PrincipalCA$809InterestCA$251BalanceCA$59,477

Payment #57PaymentCA$1,061PrincipalCA$813InterestCA$248BalanceCA$58,664

Payment #58PaymentCA$1,061PrincipalCA$816InterestCA$244BalanceCA$57,848

Payment #59PaymentCA$1,061PrincipalCA$820InterestCA$241BalanceCA$57,028

Payment #60PaymentCA$1,061PrincipalCA$823InterestCA$238BalanceCA$56,205

Payment #61PaymentCA$1,061PrincipalCA$826InterestCA$234BalanceCA$55,378

Payment #62PaymentCA$1,061PrincipalCA$830InterestCA$231BalanceCA$54,548

Payment #63PaymentCA$1,061PrincipalCA$833InterestCA$227BalanceCA$53,715

Payment #64PaymentCA$1,061PrincipalCA$837InterestCA$224BalanceCA$52,878

Payment #65PaymentCA$1,061PrincipalCA$840InterestCA$220BalanceCA$52,038

Payment #66PaymentCA$1,061PrincipalCA$844InterestCA$217BalanceCA$51,194

Payment #67PaymentCA$1,061PrincipalCA$847InterestCA$213BalanceCA$50,347

Payment #68PaymentCA$1,061PrincipalCA$851InterestCA$210BalanceCA$49,496

Payment #69PaymentCA$1,061PrincipalCA$854InterestCA$206BalanceCA$48,641

Payment #70PaymentCA$1,061PrincipalCA$858InterestCA$203BalanceCA$47,783

Payment #71PaymentCA$1,061PrincipalCA$862InterestCA$199BalanceCA$46,922

Payment #72PaymentCA$1,061PrincipalCA$865InterestCA$196BalanceCA$46,057

Payment #73PaymentCA$1,061PrincipalCA$869InterestCA$192BalanceCA$45,188

Payment #74PaymentCA$1,061PrincipalCA$872InterestCA$188BalanceCA$44,316

Payment #75PaymentCA$1,061PrincipalCA$876InterestCA$185BalanceCA$43,440

Payment #76PaymentCA$1,061PrincipalCA$880InterestCA$181BalanceCA$42,560

Payment #77PaymentCA$1,061PrincipalCA$883InterestCA$177BalanceCA$41,677

Payment #78PaymentCA$1,061PrincipalCA$887InterestCA$174BalanceCA$40,790

Payment #79PaymentCA$1,061PrincipalCA$891InterestCA$170BalanceCA$39,899

Payment #80PaymentCA$1,061PrincipalCA$894InterestCA$166BalanceCA$39,005

Payment #81PaymentCA$1,061PrincipalCA$898InterestCA$163BalanceCA$38,106

Payment #82PaymentCA$1,061PrincipalCA$902InterestCA$159BalanceCA$37,205

Payment #83PaymentCA$1,061PrincipalCA$906InterestCA$155BalanceCA$36,299

Payment #84PaymentCA$1,061PrincipalCA$909InterestCA$151BalanceCA$35,390

Payment #85PaymentCA$1,061PrincipalCA$913InterestCA$147BalanceCA$34,476

Payment #86PaymentCA$1,061PrincipalCA$917InterestCA$144BalanceCA$33,559

Payment #87PaymentCA$1,061PrincipalCA$921InterestCA$140BalanceCA$32,638

Payment #88PaymentCA$1,061PrincipalCA$925InterestCA$136BalanceCA$31,714

Payment #89PaymentCA$1,061PrincipalCA$929InterestCA$132BalanceCA$30,785

Payment #90PaymentCA$1,061PrincipalCA$932InterestCA$128BalanceCA$29,853

Payment #91PaymentCA$1,061PrincipalCA$936InterestCA$124BalanceCA$28,917

Payment #92PaymentCA$1,061PrincipalCA$940InterestCA$120BalanceCA$27,976

Payment #93PaymentCA$1,061PrincipalCA$944InterestCA$117BalanceCA$27,032

Payment #94PaymentCA$1,061PrincipalCA$948InterestCA$113BalanceCA$26,084

Payment #95PaymentCA$1,061PrincipalCA$952InterestCA$109BalanceCA$25,132

Payment #96PaymentCA$1,061PrincipalCA$956InterestCA$105BalanceCA$24,176

Payment #97PaymentCA$1,061PrincipalCA$960InterestCA$101BalanceCA$23,217

Payment #98PaymentCA$1,061PrincipalCA$964InterestCA$97BalanceCA$22,253

Payment #99PaymentCA$1,061PrincipalCA$968InterestCA$93BalanceCA$21,285

Payment #100PaymentCA$1,061PrincipalCA$972InterestCA$89BalanceCA$20,313

Payment #101PaymentCA$1,061PrincipalCA$976InterestCA$85BalanceCA$19,337

Payment #102PaymentCA$1,061PrincipalCA$980InterestCA$81BalanceCA$18,357

Payment #103PaymentCA$1,061PrincipalCA$984InterestCA$76BalanceCA$17,372

Payment #104PaymentCA$1,061PrincipalCA$988InterestCA$72BalanceCA$16,384

Payment #105PaymentCA$1,061PrincipalCA$992InterestCA$68BalanceCA$15,392

Payment #106PaymentCA$1,061PrincipalCA$997InterestCA$64BalanceCA$14,395

Payment #107PaymentCA$1,061PrincipalCA$1,001InterestCA$60BalanceCA$13,395

Payment #108PaymentCA$1,061PrincipalCA$1,005InterestCA$56BalanceCA$12,390

Payment #109PaymentCA$1,061PrincipalCA$1,009InterestCA$52BalanceCA$11,381

Payment #110PaymentCA$1,061PrincipalCA$1,013InterestCA$47BalanceCA$10,367

Payment #111PaymentCA$1,061PrincipalCA$1,017InterestCA$43BalanceCA$9,350

Payment #112PaymentCA$1,061PrincipalCA$1,022InterestCA$39BalanceCA$8,328

Payment #113PaymentCA$1,061PrincipalCA$1,026InterestCA$35BalanceCA$7,302

Payment #114PaymentCA$1,061PrincipalCA$1,030InterestCA$30BalanceCA$6,272

Payment #115PaymentCA$1,061PrincipalCA$1,035InterestCA$26BalanceCA$5,238

Payment #116PaymentCA$1,061PrincipalCA$1,039InterestCA$22BalanceCA$4,199

Payment #117PaymentCA$1,061PrincipalCA$1,043InterestCA$17BalanceCA$3,156

Payment #118PaymentCA$1,061PrincipalCA$1,048InterestCA$13BalanceCA$2,108

Payment #119PaymentCA$1,061PrincipalCA$1,052InterestCA$9BalanceCA$1,056

Payment #120PaymentCA$1,061PrincipalCA$1,056InterestCA$4BalanceCA$0

Payment #	Payment	Principal	Interest	Balance
1	CA$1,061	CA$644	CA$417	CA$99,356
2	CA$1,061	CA$647	CA$414	CA$98,709
3	CA$1,061	CA$649	CA$411	CA$98,060
4	CA$1,061	CA$652	CA$409	CA$97,408
5	CA$1,061	CA$655	CA$406	CA$96,753
6	CA$1,061	CA$658	CA$403	CA$96,096
7	CA$1,061	CA$660	CA$400	CA$95,435
8	CA$1,061	CA$663	CA$398	CA$94,772
9	CA$1,061	CA$666	CA$395	CA$94,107
10	CA$1,061	CA$669	CA$392	CA$93,438
11	CA$1,061	CA$671	CA$389	CA$92,767
12	CA$1,061	CA$674	CA$387	CA$92,093
13	CA$1,061	CA$677	CA$384	CA$91,416
14	CA$1,061	CA$680	CA$381	CA$90,736
15	CA$1,061	CA$683	CA$378	CA$90,053
16	CA$1,061	CA$685	CA$375	CA$89,368
17	CA$1,061	CA$688	CA$372	CA$88,680
18	CA$1,061	CA$691	CA$370	CA$87,988
19	CA$1,061	CA$694	CA$367	CA$87,294
20	CA$1,061	CA$697	CA$364	CA$86,597
21	CA$1,061	CA$700	CA$361	CA$85,898
22	CA$1,061	CA$703	CA$358	CA$85,195
23	CA$1,061	CA$706	CA$355	CA$84,489
24	CA$1,061	CA$709	CA$352	CA$83,781
25	CA$1,061	CA$712	CA$349	CA$83,069
26	CA$1,061	CA$715	CA$346	CA$82,354
27	CA$1,061	CA$718	CA$343	CA$81,637
28	CA$1,061	CA$721	CA$340	CA$80,916
29	CA$1,061	CA$724	CA$337	CA$80,193
30	CA$1,061	CA$727	CA$334	CA$79,466
31	CA$1,061	CA$730	CA$331	CA$78,737
32	CA$1,061	CA$733	CA$328	CA$78,004
33	CA$1,061	CA$736	CA$325	CA$77,269
34	CA$1,061	CA$739	CA$322	CA$76,530
35	CA$1,061	CA$742	CA$319	CA$75,788
36	CA$1,061	CA$745	CA$316	CA$75,043
37	CA$1,061	CA$748	CA$313	CA$74,295
38	CA$1,061	CA$751	CA$310	CA$73,544
39	CA$1,061	CA$754	CA$306	CA$72,790
40	CA$1,061	CA$757	CA$303	CA$72,033
41	CA$1,061	CA$761	CA$300	CA$71,272
42	CA$1,061	CA$764	CA$297	CA$70,508
43	CA$1,061	CA$767	CA$294	CA$69,742
44	CA$1,061	CA$770	CA$291	CA$68,972
45	CA$1,061	CA$773	CA$287	CA$68,198
46	CA$1,061	CA$777	CA$284	CA$67,422
47	CA$1,061	CA$780	CA$281	CA$66,642
48	CA$1,061	CA$783	CA$278	CA$65,859
49	CA$1,061	CA$786	CA$274	CA$65,073
50	CA$1,061	CA$790	CA$271	CA$64,283
51	CA$1,061	CA$793	CA$268	CA$63,490
52	CA$1,061	CA$796	CA$265	CA$62,694
53	CA$1,061	CA$799	CA$261	CA$61,895
54	CA$1,061	CA$803	CA$258	CA$61,092
55	CA$1,061	CA$806	CA$255	CA$60,286
56	CA$1,061	CA$809	CA$251	CA$59,477
57	CA$1,061	CA$813	CA$248	CA$58,664
58	CA$1,061	CA$816	CA$244	CA$57,848
59	CA$1,061	CA$820	CA$241	CA$57,028
60	CA$1,061	CA$823	CA$238	CA$56,205
61	CA$1,061	CA$826	CA$234	CA$55,378
62	CA$1,061	CA$830	CA$231	CA$54,548
63	CA$1,061	CA$833	CA$227	CA$53,715
64	CA$1,061	CA$837	CA$224	CA$52,878
65	CA$1,061	CA$840	CA$220	CA$52,038
66	CA$1,061	CA$844	CA$217	CA$51,194
67	CA$1,061	CA$847	CA$213	CA$50,347
68	CA$1,061	CA$851	CA$210	CA$49,496
69	CA$1,061	CA$854	CA$206	CA$48,641
70	CA$1,061	CA$858	CA$203	CA$47,783
71	CA$1,061	CA$862	CA$199	CA$46,922
72	CA$1,061	CA$865	CA$196	CA$46,057
73	CA$1,061	CA$869	CA$192	CA$45,188
74	CA$1,061	CA$872	CA$188	CA$44,316
75	CA$1,061	CA$876	CA$185	CA$43,440
76	CA$1,061	CA$880	CA$181	CA$42,560
77	CA$1,061	CA$883	CA$177	CA$41,677
78	CA$1,061	CA$887	CA$174	CA$40,790
79	CA$1,061	CA$891	CA$170	CA$39,899
80	CA$1,061	CA$894	CA$166	CA$39,005
81	CA$1,061	CA$898	CA$163	CA$38,106
82	CA$1,061	CA$902	CA$159	CA$37,205
83	CA$1,061	CA$906	CA$155	CA$36,299
84	CA$1,061	CA$909	CA$151	CA$35,390
85	CA$1,061	CA$913	CA$147	CA$34,476
86	CA$1,061	CA$917	CA$144	CA$33,559
87	CA$1,061	CA$921	CA$140	CA$32,638
88	CA$1,061	CA$925	CA$136	CA$31,714
89	CA$1,061	CA$929	CA$132	CA$30,785
90	CA$1,061	CA$932	CA$128	CA$29,853
91	CA$1,061	CA$936	CA$124	CA$28,917
92	CA$1,061	CA$940	CA$120	CA$27,976
93	CA$1,061	CA$944	CA$117	CA$27,032
94	CA$1,061	CA$948	CA$113	CA$26,084
95	CA$1,061	CA$952	CA$109	CA$25,132
96	CA$1,061	CA$956	CA$105	CA$24,176
97	CA$1,061	CA$960	CA$101	CA$23,217
98	CA$1,061	CA$964	CA$97	CA$22,253
99	CA$1,061	CA$968	CA$93	CA$21,285
100	CA$1,061	CA$972	CA$89	CA$20,313
101	CA$1,061	CA$976	CA$85	CA$19,337
102	CA$1,061	CA$980	CA$81	CA$18,357
103	CA$1,061	CA$984	CA$76	CA$17,372
104	CA$1,061	CA$988	CA$72	CA$16,384
105	CA$1,061	CA$992	CA$68	CA$15,392
106	CA$1,061	CA$997	CA$64	CA$14,395
107	CA$1,061	CA$1,001	CA$60	CA$13,395
108	CA$1,061	CA$1,005	CA$56	CA$12,390
109	CA$1,061	CA$1,009	CA$52	CA$11,381
110	CA$1,061	CA$1,013	CA$47	CA$10,367
111	CA$1,061	CA$1,017	CA$43	CA$9,350
112	CA$1,061	CA$1,022	CA$39	CA$8,328
113	CA$1,061	CA$1,026	CA$35	CA$7,302
114	CA$1,061	CA$1,030	CA$30	CA$6,272
115	CA$1,061	CA$1,035	CA$26	CA$5,238
116	CA$1,061	CA$1,039	CA$22	CA$4,199
117	CA$1,061	CA$1,043	CA$17	CA$3,156
118	CA$1,061	CA$1,048	CA$13	CA$2,108
119	CA$1,061	CA$1,052	CA$9	CA$1,056
120	CA$1,061	CA$1,056	CA$4	CA$0

For illustration only. This calculator does not constitute financial or legal advice. Consult a qualified advisor for your situation.

About this calculator

This calculator handles the most common loan structures: standard amortized loans (equal payments over the term), deferred-payment loans (interest-only for a period, then amortized), and fixed-coupon bonds. It is for anyone comparing loan offers, planning repayments, or checking how much interest they will pay over time.

Use it when you know the principal, interest rate, and term. You can choose payment frequency (monthly, bi-weekly, etc.) and compounding to match your loan. Results include the payment amount, total interest, and a full schedule so you can see how much of each payment goes to principal versus interest. For bonds, you can solve for price given a yield or for yield given a price.

How this is calculated

Amortized loan

An amortized loan has equal periodic payments (e.g. monthly) that include both interest and principal. Early in the term, most of each payment goes to interest; as the balance decreases, more goes to principal. The payment is set so the balance reaches zero at the end of the term. Used for mortgages, auto loans, and personal loans.

The payment amount is given by the standard amortization formula:

Payment = P × [r(1+r)ⁿ] / [(1+r)ⁿ − 1]

where P is principal, r is the periodic interest rate (converted from your stated annual rate and compounding), and n is the number of payments. Compounding (annually, semi-annually, monthly, etc.) determines how the annual rate is converted to a per-payment rate; e.g. 6% compounded semi-annually gives a slightly lower effective monthly rate than 6% compounded monthly. Continuous compounding uses e^(r×t) − 1 per period.

Deferred payment loan (interest-only then amortize)

This loan has two phases. In the first phase you pay interest only—no principal—so the balance stays the same. After that, the loan amortizes over the remaining term using the same payment formula above with the remaining number of payments. Interest-only payment:

Interest-only payment = Principal × (annual rate / periods per year)

Common in some mortgages and construction loans.

Bond

A bond pays periodic coupon interest (face value × coupon rate) and repays face value at maturity. There is no principal paydown until maturity. The bond price is the present value of all future coupons plus the face value, discounted at the yield per period. Yield to maturity (YTM) is the annualized return if you hold to maturity; we solve for the yield that makes this present value equal to the price.

Price = Σ (Coupon / (1+y)^t) + Face / (1+y)ⁿ

where y is the yield per period and n is the number of periods. Buy at a discount (price < face) → YTM > coupon rate; buy at a premium → YTM < coupon rate.

Assumptions

We assume a fixed interest rate and that payments are made on schedule. For bonds, we assume no default and that coupons are paid on the frequency you select. This calculator does not constitute financial or legal advice; consult a qualified advisor for your situation.

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