Loan Calculator

Compute monthly payment, total interest, and total paid for any loan term.

Loan amount *Annual interest rate (APR %) *Term (years) *

How this is calculated

Monthly payment = P × r / (1 − (1 + r)⁻ⁿ), where P is the principal, r is the monthly interest rate (APR / 12 / 100), and n is the total number of payments (years × 12).

When the rate is 0%, the formula reduces to P / n.

This is a fixed-rate, fully-amortizing loan. Doesn't include taxes, insurance, or escrow.

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