Calculators
Loan Calculator
Estimate monthly loan payments and interest.
FreeNo sign-upWorks in your browser
Enter details
$
%
Result
Monthly payment
$396.02
Total paid
$23,761.44
Total interest
$3,761.44
About the Loan Calculator
Estimate your monthly loan payment free with this loan calculator. Enter the loan amount, annual interest rate, and term, and you'll instantly see your monthly payment, total interest, and total cost. It works for personal loans, auto loans, and any fixed-rate installment loan — adjust the numbers to compare options before you borrow.
How to use the Loan Calculator
- 1Enter the loan amount, interest rate, and term.
- 2See your monthly payment instantly.
- 3Review total interest and total cost.
Frequently asked questions
How is the monthly payment calculated?
It uses the standard amortization formula based on principal, monthly interest rate, and number of payments.
Does this include taxes or fees?
No — it estimates principal and interest only. Add taxes, insurance, or fees separately.
How can I pay less interest on a loan?
A shorter term, a lower rate, or extra principal payments all cut total interest. Even one extra payment a year meaningfully shortens most loans.