Loan Calculator
Calculate loan payments, total interest, total repayment, extra payment impact, and an amortization schedule.
Calculator updated
Use this page to get the result quickly, then review the formula, table, chart, or example for context.
- Compare loan offers
- Plan monthly repayment
- Estimate total interest
- Formula, example, and related calculators
Formula
Payment = P * r / (1 - (1 + r)^-n).
Example
A 10,000 loan at 10% for 3 years has an estimated monthly payment of about 323 before fees.
When to Use
- Compare loan offers
- Plan monthly repayment
- Estimate total interest
Common Mistakes
- Ignoring fees
- Mixing annual and monthly rates
- Only comparing monthly payment instead of total cost
Fast Result
The calculator updates from your inputs and keeps the result easy to copy, print, or save locally.
Transparent Formula
The formula and example show how the result is built, so the page is useful beyond a single calculation.
Related Next Steps
Use the related links to move from estimate to comparison, payoff, conversion, or planning.
How this loan calculator works
Calculate loan payments, total interest, total repayment, extra payment impact, and an amortization schedule.
Enter the values you know, review the primary result, then use the table or chart to understand the details. The result is an estimate and should be checked against professional advice when money, medical, tax, legal, or engineering decisions are involved.
Frequently Asked Questions
Are these finance results a lender quote?
No. The result is an estimate based on the values entered. Lenders may apply fees, taxes, insurance, underwriting rules, and other terms.
Can I print or copy the result?
Yes. Use the print, copy, or save buttons in the result panel.
Why does the total interest change when the term changes?
Longer terms usually reduce the regular payment but keep the balance outstanding for longer, which can increase total interest.