Loan Calculator
Estimate your monthly payment, total interest, and when you'll be debt-free.
Monthly payment:
Total paid:
Total interest:
Payoff date:
Amortization over the loan term
How to use this calculator
Enter the loan amount, annual interest rate and term in years, then press Calculate. The monthly payment, total paid and total interest appear instantly, along with an amortization chart showing your balance over the life of the loan.
What the result means
Your monthly payment is the fixed amount you'll pay each month for the whole term. Total interest is the real cost of borrowing — the number to focus on when comparing loans, since a small rate difference becomes thousands over a long term.
Frequently asked questions
How is the monthly loan payment calculated?
The calculator uses the standard amortization formula, which spreads principal and interest evenly across every month of the term.
Does this include fees or insurance?
No — it covers principal and interest only. Add lender fees, insurance or taxes separately to get your true monthly cost.