4 calculators
Loan calculator
Estimate monthly payments and the total interest cost of a loan.
- Every assumption shown
- Exact to the öre
- Private by default
Monthly payment
2 121,31 kr
- Amount borrowed
- 200 000,00 kr
- Interest, first month
- 833,33 kr
- Amortization, first month
- 1 287,98 kr
- Total interest
- 54 557,20 kr
- Total repaid
- 254 557,20 kr
- Total interest with straight amortization
- 50 416,58 kr
Calculators for a specific loan
A mortgage, car loan or personal loan has rules the calculator above leaves out — loan parts and the amortization requirement, a down payment and residual debt. Pick yours for the whole picture.
How we calculate
Assumptions
This result is an estimate for information only and is not financial advice. Contact your lender for an exact offer.
Last updated
- Annuity: the same payment every month, split between interest and repayment. Straight amortization: the same repayment every month, so the payment starts higher and falls as the interest shrinks.
- The interest rate is fixed for the whole term and compounded monthly (annual rate ÷ 12).
- Fees, taxes, insurance and interest deductions are not included.
- Amounts are in Swedish kronor (SEK), rounded to the nearest öre.
How it works
How the loan is calculated
The calculator works out what any loan costs from four things: the amount, the annual interest rate, the term in years and how you repay it.
Annuity or straight amortization
An annuity loan has the same payment every month. The payment is set so the loan is fully repaid by the end of the term: at first most of it is interest, towards the end most of it repays the loan. Personal loans and car loans are usually annuities.
With straight amortization (rak amortering) you repay the same amount every month — the loan divided by the number of months — plus interest on what’s left. The first payment is the highest, and the payments fall as the debt shrinks. Swedish mortgages are usually repaid this way.
How the interest is worked out
Interest is charged every month at the annual rate divided by twelve, on what’s left of the loan. The result shows the first month’s interest and amortization, the total interest and everything you repay, and — under the result — the total interest if you chose the other method. Open Month by month to see every payment.
When to use a more specific calculator
This calculator keeps to the loan itself. A mortgage can be split into loan parts and has an amortization requirement; a car loan starts with a down payment and can end with a residual debt; and the personal loan calculator keeps to the terms lenders offer for loans without security. Their calculators take that into account.
Questions
Frequently asked questions
What's the difference between an annuity loan and straight amortization?
With an annuity you pay the same amount every month; at first most of it is interest, towards the end most of it repays the loan. With straight amortization you repay the same amount every month and pay interest on what's left, so the first payment is the highest and each one after it is a little lower.
Which repayment method is cheaper?
Straight amortization, at the same rate and term. You pay the loan down faster at the start, so you pay interest on a smaller debt. The difference grows with the rate and the term. The calculator shows the other method's total interest under the result.
How does the term affect the cost?
A longer term gives a lower monthly payment but more interest in total, since you borrow the money for longer. Try different terms and compare the total interest.
Which calculator should I use for a mortgage?
The mortgage calculator. A mortgage is often split into loan parts with different rates, and the amortization is usually set as a share of the loan per year, which this calculator doesn't cover. To see how much a bank may lend you, use how much can I borrow.
Does the result include fees or interest deductions?
No. Setup and billing fees, the effective rate and any tax reduction for interest are left out. The tax refund calculator shows what the interest on a mortgage or car loan gives back.