Money & Markets
Dynamic Loan Calculator
Calculate a transparent amortization schedule. Inputs stay in the browser and are not financial advice.
✓ Local-first & transparent
Nominal: annual rate ÷ periods/year. Effective: periodic rate derived from the effective annual rate. The convention is explicit.
How it works
A clear workflow
Calculate a transparent amortization schedule. Inputs stay in the browser and are not financial advice.
Example: €25,000 at 5.9% nominal for five years with monthly payments and €100 extra per month.
Limits & transparency
Realistic expectations
Nominal rate divides the annual rate by the number of periods; effective rate is converted to a periodic rate. Contract fees, day-count conventions and rounding can differ.
FAQ
Frequently asked questions
What does nominal or effective mean?
Nominal divides the annual rate by payments per year. Effective derives a periodic rate that matches the stated annual effective rate.
What happens with a final partial payment?
The final payment is capped at the remaining balance and shown as the last partial payment.
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