Loan Calculator
Calculate monthly payments, total interest, and an amortization schedule for any fixed-rate loan.
Enter a loan amount, interest rate, and term to calculate the monthly payment.
Frequently Asked Questions
How is the monthly payment calculated?
This tool uses the standard amortization formula: M = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the principal, r is the monthly interest rate, and n is the number of monthly payments.
What about a 0% interest loan?
When the interest rate is zero, the monthly payment is simply the loan amount divided by the number of months.
Does it account for fees or insurance?
No. This is a principal-and-interest estimate. Real loans may include taxes, insurance, or origination fees that change the actual payment.
Is my data sent anywhere?
No. All calculation happens in your browser. Nothing leaves your device.
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