$
%
months
Monthly Payment
$0.00
Total Paid
$0.00
Total Interest
$0.00
M = P × r(1+r)n / ((1+r)n − 1)
M = monthly P = principal r = monthly rate n = total months
About the Loan Calculator
The Loan Calculator estimates your monthly payment, total repayment and total interest for a loan based on the amount, interest rate and term. Use it for personal loans, car loans and mortgages.
Loan Calculator FAQ
How is a monthly loan payment calculated?
It uses the standard amortization formula based on the loan amount, monthly interest rate and number of payments, so each payment covers interest and part of the balance.
How can I lower my monthly payment?
A longer term or lower interest rate reduces the monthly payment, but a longer term usually means paying more interest overall.
Does the calculator include fees and insurance?
It covers principal and interest only. Add any lender fees, taxes or insurance separately for a full picture.