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Use our advanced Kalkulator Odsetek (Interest Calculator) to determine the true cost of your loan. Whether you want to know the total interest paid over the life of a mortgage or how monthly payments impact your interest costs, this tool provides the answers.
Kalkulator Odsetek
Kalkulator Odsetek Formula
To calculate the monthly interest and principal payments, we use the standard amortization formula. The total interest is derived by subtracting the original loan amount from the sum of all monthly payments.
Variables
- M: Total monthly payment.
- P: Principal loan amount (Credit Value).
- i: Monthly interest rate (Annual Rate / 12).
- n: Total number of payments (Years × 12).
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What is Kalkulator Odsetek?
Kalkulator Odsetek (Interest Calculator) is a financial utility designed to reveal the cost of borrowing money. While monthly payments are important, the “interest” (odsetki) is the actual profit the bank makes from your loan.
This kalkulator odsetek helps you understand how small changes in the interest rate or loan term can result in massive differences in the total amount you pay back. It allows you to solve for any missing variable, making it perfect for reverse-engineering a loan offer.
How to Calculate Kalkulator Odsetek (Example)
Let’s calculate the interest on a $100,000 loan at 5% for 20 years.
- Convert Rate: Divide 5% by 12 to get 0.416% monthly.
- Calculate Months: Multiply 20 years by 12 to get 240 payments.
- Find Monthly Payment: The formula gives approx $659.96.
- Calculate Total Interest: ($659.96 × 240) – $100,000 = $58,390.40 in total interest.
Frequently Asked Questions
Yes, this calculator uses the amortization formula which accounts for compound interest on the remaining principal balance each month.
You can lower total interest by securing a lower interest rate, shortening your loan term, or making a larger down payment to reduce the principal.
This specific tool is designed for loan amortization (paying down debt). For savings, you should use a Compound Interest Calculator for investments.
The calculation provides a mathematical estimate based on standard banking formulas. Actual bank figures may differ slightly due to specific accrual methods or fees.