Loan Calculator
Estimate monthly loan payments, total interest, and total cost for any loan.
$489.15
Monthly payment
$29,349.22
Total paid
$4,349.22
Total interest
What is this tool?
A Loan Calculator estimates what you will pay each month on a loan and how much interest you will pay over its lifetime.
How does it work?
The tool applies the amortization formula using your principal, interest rate, and number of payments.
How to use Loan Calculator
- Enter the loan amount, rate, and term.
- Review the monthly payment and totals.
Common Use Cases
- Car loans
- Mortgages
- Personal loans
Pro Tips
- A shorter term means higher monthly payments but much less total interest.
Frequently Asked Questions
How is the monthly payment calculated?
It uses the standard amortization formula based on your loan amount, annual interest rate, and term.
Does it include taxes and fees?
No. It estimates principal and interest only — add other costs separately.