loan calculator
enter the amount, rate and term to see your monthly payment, total interest and a month-by-month amortization table.
runs on your device · free · no sign-up
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frequently asked questions
how is the monthly loan payment calculated?
payment = P × r ÷ (1 − (1 + r)^−n), where r is the monthly rate (annual rate ÷ 12) and n is the number of payments.
what do extra payments do?
extra money each month goes straight to principal, which shortens the loan and cuts total interest. the table shows the shorter payoff.
are the results exact?
they are estimates for a standard fixed-rate loan. fees, rounding and your lender's calendar can change the final figures.