Monthly payment, APR, total interest, what happens if rates rise and how much you can borrow. Learn the terms banks use, so you sign the right loan.
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Choose your country and loan type in the calculator above, then enter the amount, the term and the interest rate. For example, a 320,000 USD mortgage over 30 years at 7.4% costs about 2,215.62 USD a month in the US, and 220,000 GBP over 30 years at 5.9% costs about 1,304.90 GBP a month in the UK.
The interest rate only covers interest. The APR, or effective annual rate, adds the fees and required costs, such as processing fees, points, account fees and insurance. In our US example the rate is 7.4% but the APR is 7.5% because of 3,200 USD in upfront costs. Compare loans by APR and total cost, not by the rate alone.
Every country uses its own name for the total yearly cost of a loan: EKS in Bosnia and Herzegovina, EKS in Serbia, EKS in Croatia, EOM in Slovenia, ГСВТ in North Macedonia, NEI in Albania, Effektivzins in Germany, Effektivzins in Austria, Effektivzins in Switzerland, TAEG in France, TAE in Spain, TAEG in Italy, JKP in Netherlands, RRSO in Poland, effektiv ränta in Sweden. In the US and Canada it is the APR, in the UK and Ireland the APRC, and in Australia the comparison rate. EU countries and the UK calculate it as an effective rate with compounding, the US, Canada and Australia as a nominal rate.
A fixed rate keeps your payment the same for the agreed period. A variable rate follows a reference rate such as Euribor, SOFR, SONIA, STIBOR or WIBOR plus a margin. With rates in Europe rising again in 2026, check the stress test: on the US example a rise of 2 points would push the payment to 2,667.42 USD. Only choose variable if you could still pay that.
No. A longer term lowers the monthly payment but increases the total interest. On a 320,000 USD loan at 7.4%, 20 years costs 2,558.37 USD a month and 294,008 USD in interest, while 30 years costs 2,215.62 USD a month but 477,622 USD in interest.
It depends on the country. Croatia limits loan payments to 45% of net income for housing loans, France to 35%, North Macedonia to 45%, and Slovenia to 50% with a minimum income left over. Ireland caps mortgages at 4 times gross income for first-time buyers and the UK at about 4.5 times. Switzerland tests with a 5% imputed rate, Canada with a stress test, and Australia with a 3 point buffer. Enter your income in the calculator to see the rule for your country.
In most countries yes. EU law caps the early repayment fee on consumer loans at 1% of the repaid amount, or 0.5% in the last year, and many countries allow free early repayment of variable-rate loans. Mortgages have their own rules, which you can find on each country page.
No. All calculations run in your browser and nothing you enter is sent to a server.
The nominal interest rate only covers interest. The APR adds the fees and costs you must pay to get the loan, such as processing fees, account fees and required insurance, and turns everything into one yearly percentage. Two loans with the same interest rate can have very different APR. When you compare offers for the same amount and term, the lower APR is usually the cheaper loan.
A fixed rate keeps your payment the same for an agreed period, so you know exactly what you pay. A variable rate is a reference rate (for example Euribor) plus the bank's margin. It is often lower at the start, but your payment rises when the reference rate rises. Use the stress test above to see your payment if rates go up by 1, 2 or 3 points, and only choose variable if you could still pay that.
With equal payments (annuity) the monthly amount stays the same, and at the start most of it is interest. With equal principal the first payments are higher but fall every month, and you pay less interest in total. Switch the repayment option in the calculator to see the difference.
Look beyond the monthly payment. Add up interest, upfront fees, monthly account and insurance costs, valuation and notary costs. A longer term lowers the payment but increases the total interest a lot. The line "cost per 100 borrowed" shows how much you pay for every 100 you borrow.
Paying off part of the loan early saves interest. Many countries limit what banks may charge for it, and variable-rate loans can often be repaid without a fee. Read the early repayment clause before you sign.
Each country page opens in the local language, with today's typical rates, the lending rules that apply there, early repayment rights and links to official sources. You can switch to English at the top of any page.
Typical mortgage in each country with today's average rate and usual costs, equal monthly payments, October 2026.
| Country | Local name of APR | Typical rate | Example loan | Monthly payment | Effective rate |
|---|---|---|---|---|---|
| Albania | NEI | 3.8% | 10,000,000 ALL, 20 y | 59,549.37 ALL | 3.93% |
| Australia | comparison rate | 6.5% | 600,000 AUD, 30 y | 3,792.41 AUD | 6.51% |
| Austria | Effektivzins | 4% | 300,000 EUR, 25 y | 1,583.51 EUR | 4.17% |
| Bosnia and Herzegovina | EKS | 4.69% | 100,000 KM, 20 y | 647.95 KM | 4.97% |
| Canada | APR | 4.69% | 600,000 CAD, 25 y | 3,384.51 CAD | 4.64% |
| Croatia | EKS | 3.2% | 150,000 EUR, 25 y | 727.02 EUR | 3.28% |
| France | TAEG | 3.6% | 250,000 EUR, 22 y | 1,432.31 EUR | 4.28% |
| Germany | Effektivzins | 4.1% | 350,000 EUR, 30 y | 1,691.19 EUR | 4.18% |
| Ireland | APRC | 3.5% | 330,000 EUR, 30 y | 1,481.85 EUR | 3.56% |
| Italy | TAEG | 3.1% | 150,000 EUR, 25 y | 734.14 EUR | 3.44% |
| Netherlands | JKP | 4.2% | 400,000 EUR, 30 y | 1,956.07 EUR | 4.28% |
| North Macedonia | ГСВТ | 4% | 3,075,000 MKD, 25 y | 16,230.98 MKD | 4.17% |
| Poland | RRSO | 5.9% | 500,000 PLN, 25 y | 3,241.01 PLN | 6.24% |
| Serbia | EKS | 4.5% | 12,000,000 RSD, 25 y | 66,699.90 RSD | 4.62% |
| Slovenia | EOM | 3.4% | 150,000 EUR, 25 y | 742.91 EUR | 3.49% |
| Spain | TAE | 2.9% | 180,000 EUR, 28 y | 812.94 EUR | 3.28% |
| Sweden | effektiv ränta | 2.8% | 2,000,000 SEK, 40 y | 6,931.10 SEK | 2.84% |
| Switzerland | Effektivzins | 1.8% | 800,000 CHF, 30 y | 2,877.59 CHF | 1.81% |
| United Kingdom | APRC | 5.9% | 220,000 GBP, 30 y | 1,304.90 GBP | 6.11% |
| United States | APR | 7.4% | 320,000 USD, 30 y | 2,215.62 USD | 7.5% |
LoanPlanKit is a free tool by Limitless (OD LIMITLESS) from Ilidza, Bosnia and Herzegovina, the team behind NetSalaryKit and MyPensionKit. We built it because loan offers are full of terms that make them hard to compare, and a wrong choice can cost thousands. Each country page explains the local rules in plain language and links to the central banks and regulators we use as sources.
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