{
  "id": "repayment-calculator",
  "version": "7.0.0",
  "name": "Repayment Calculator",
  "shortName": "Repayment",
  "description": "Calculate loan repayment schedules and see how much time and interest you can save by making extra monthly payments.",
  "category": "Finance",
  "categorySlug": "finance",
  "keywords": [
    "repayment"
  ],
  "status": "live",
  "workStatus": "pending",
  "reviewStatus": "pending",
  "migrationStatus": "migrated",
  "migratedDate": "2026-08-18",
  "engine": "legacy-react",
  "creator": null,
  "reviewer": null,
  "quality": {
    "availability": "live",
    "technicalReviewRecord": "/reviews/repayment-calculator.json",
    "qualifiedReview": "pending",
    "qualifiedReviewer": null,
    "qualifiedReviewDate": null,
    "formulaVersion": "7.0.0",
    "referenceCoverage": "references-pending",
    "releaseTestScope": "Catalog and regression checks are not a professional formula audit; consult release evidence.",
    "historicalMetadataDate": "2026-08-18",
    "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
  },
  "urls": {
    "page": "/calculator/repayment-calculator/",
    "definition": "/calculator/repayment-calculator/definition.json",
    "schema": "/calculator/repayment-calculator/schema.json",
    "llms": "/calculator/repayment-calculator/llms.txt",
    "legacyDefinition": "/calculator/repayment-calculator.json"
  },
  "queryExample": "https://askcalculators.com/calculator/repayment-calculator/?amount=20000&rate=6&term=5&extraPayment=0",
  "queryParameters": {
    "amount": {
      "label": "Loan Amount",
      "type": "number",
      "required": false,
      "default": 20000
    },
    "rate": {
      "label": "Interest Rate",
      "type": "number",
      "required": false,
      "default": 6
    },
    "term": {
      "label": "Original Term (Years)",
      "type": "number",
      "required": false,
      "default": 5
    },
    "extraPayment": {
      "label": "Extra Monthly Payment",
      "type": "number",
      "required": false,
      "default": 0
    }
  },
  "inputs": [
    {
      "id": "amount",
      "label": "Loan Amount",
      "type": "number",
      "defaultValue": 20000
    },
    {
      "id": "rate",
      "label": "Interest Rate",
      "type": "number",
      "defaultValue": 6
    },
    {
      "id": "term",
      "label": "Original Term (Years)",
      "type": "number",
      "defaultValue": 5
    },
    {
      "id": "extraPayment",
      "label": "Extra Monthly Payment",
      "type": "number",
      "defaultValue": 0
    }
  ],
  "outputs": [
    {
      "id": "result",
      "label": "Result",
      "format": "text",
      "primary": true
    }
  ],
  "formula": {
    "expression": "Monthly payment = P·r·(1+r)^n ÷ ((1+r)^n−1); total repayment and interest follow from payment × number of months."
  },
  "examples": [
    {
      "label": "Reproducible default-input example (not a personal recommendation)",
      "inputs": {
        "amount": 20000,
        "rate": 6,
        "term": 5,
        "extraPayment": 0
      }
    }
  ],
  "sources": []
}