Loan calculator: monthly payment, interest and total cost
Set the amount, term and rate — the calculator shows your monthly annuity payment, total interest and a year-by-year breakdown.
Set the rate from the offer you are considering — advertised "from" rates are best-case.
€208
monthly payment
€2,455
total interest
€12,455
total cost
Annuity schedule, indicative only. Your actual offer depends on the lender’s assessment — always check the APRC.
How this loan calculator works
The calculator uses the annuity formula used by virtually every Nordic and Baltic bank: equal monthly payments where the interest share shrinks and the principal share grows over time. Enter any amount, term and rate to see the true cost of a loan before you talk to a lender.
What the result tells you
The monthly payment is the fixed annuity instalment for your inputs. Total interest is what the loan costs you beyond the principal — this number is the one to minimise, and it grows fast with longer terms even at the same rate.
The year-by-year table shows how each year’s payments split between interest and principal, and what you still owe. Early years are interest-heavy: on long loans, most of your first payments barely touch the principal — which is why early extra repayments save the most.
Which rate should you enter?
Use the nominal annual rate from the offer you are considering. Remember that the advertised "from" rate is the best case for the strongest applicants — your personal offer is set after the lender assesses your income and obligations.
For a fair comparison between two offers, the decisive number is the APRC, which includes mandatory fees on top of interest. Two loans with the same nominal rate can differ meaningfully in APRC.
Fixed rate or Euribor-linked?
Consumer loans in the region are typically fixed-rate, while mortgages are usually priced as Euribor plus a bank margin. For a Euribor-linked loan, this calculator shows the payment at today’s combined rate — the payment will move when Euribor resets.
When you are ready, compare live loan offers — Estonian bank rates on NordicRate are captured daily from the banks’ own websites.
Frequently asked questions
How is the monthly payment calculated?+
With the standard annuity formula: equal monthly instalments over the term, where the interest portion shrinks and the principal portion grows each month. It is the schedule virtually all Nordic and Baltic banks use by default.
Why does a longer term cost more in total?+
Interest accrues on the outstanding balance for longer. A longer term lowers the monthly payment but increases the number of months interest is charged, so total interest grows — often dramatically on terms above 10 years.
Is this the same as the bank’s offer?+
No — it is an indicative annuity schedule for the inputs you set. Banks price individually and add fees, which is why offers should be compared on the APRC, not the nominal rate.
Does using this calculator affect my credit score?+
No. The calculator runs entirely in your browser, requires no personal data and involves no credit check.