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Loan Calculator

Calculate the monthly payment and total cost of a fixed-rate loan.

Enter the loan amount, interest rate and loan term in the white box. The green box shows your estimated monthly payment, total interest and total amount repaid.

Loan amount $0
Total interest $0
Total amount repaid $0
Number of payments 0
Estimated monthly payment $0

How the Loan Calculator works

The calculator uses the standard amortization formula to estimate the monthly payment on a fixed-rate loan.

Total interest is the estimated amount of interest paid over the full loan term. Total repayment includes both the original amount borrowed and the interest paid.

This calculator assumes the interest rate remains fixed and payments are made monthly for the full loan term. It does not include lender fees, origination fees, late charges or other costs that may apply to a loan.

Results are estimates for planning purposes only. Actual loan payments and costs can vary by lender.