Calculate Your Annuity Loan
Calculate the monthly payment, amortization schedule, and total cost of your annuity loan. An annuity loan features fixed monthly payments - the interest portion decreases over time while the principal portion increases.
Initial repayment: 2.51%
Monthly Payment
$1,501.87
Annual Payment
$18,022.45
Total Interest
$150,561.21
Total Cost
$450,561.21
Term
25 years
Initial Repayment
2.51%
Fixed Period
10 years
Balance at End
$210,086.36
| Year | Beginning Balance | Interest | Principal | Payment | Ending Balance |
|---|---|---|---|---|---|
| 1 | $300,000.00 | $10,378.15 | $7,644.30 | $18,022.45 | $292,355.70 |
| 2 | $292,355.70 | $10,106.26 | $7,916.19 | $18,022.45 | $284,439.51 |
| 3 | $284,439.51 | $9,824.71 | $8,197.74 | $18,022.45 | $276,241.77 |
| 4 | $276,241.77 | $9,533.14 | $8,489.31 | $18,022.45 | $267,752.46 |
| 5 | $267,752.46 | $9,231.20 | $8,791.25 | $18,022.45 | $258,961.21 |
| 6 | $258,961.21 | $8,918.52 | $9,103.93 | $18,022.45 | $249,857.28 |
| 7 | $249,857.28 | $8,594.72 | $9,427.73 | $18,022.45 | $240,429.56 |
| 8 | $240,429.56 | $8,259.41 | $9,763.04 | $18,022.45 | $230,666.52 |
| 9 | $230,666.52 | $7,912.17 | $10,110.28 | $18,022.45 | $220,556.23 |
| 10 | $220,556.23 | $7,552.57 | $10,469.87 | $18,022.45 | $210,086.36 |
| 11 | $210,086.36 | $7,180.19 | $10,842.26 | $18,022.45 | $199,244.10 |
| 12 | $199,244.10 | $6,794.57 | $11,227.88 | $18,022.45 | $188,016.22 |
| 13 | $188,016.22 | $6,395.22 | $11,627.22 | $18,022.45 | $176,389.00 |
| 14 | $176,389.00 | $5,981.68 | $12,040.77 | $18,022.45 | $164,348.23 |
| 15 | $164,348.23 | $5,553.43 | $12,469.02 | $18,022.45 | $151,879.21 |
| ... 10 more years - Download full schedule as PDF | |||||
Annuity loans are the most common loan type. The monthly payment (annuity) stays constant throughout the fixed rate period.
With a higher initial repayment rate, the term shortens and total interest costs decrease. A repayment rate of 2-3% is typical for mortgage financing.
Disclaimer
This calculation is for informational purposes only and does not constitute financial advice. Actual terms may vary depending on the lender and your individual situation. For binding offers, please contact your bank or an independent financial advisor.