Loan Calculator
Calculate an amortized monthly loan payment from the loan amount, annual interest rate, and term in years.
Runs locally in your browser. Your data never leaves your device.
Inputs
Results
- Monthly payment
- 1,580.17
- Total paid
- 568,861.22
- Total interest
- 318,861.22
How to estimate a loan payment
Estimate the monthly payment, total amount paid, and total interest for a simple amortized loan.
How to use it
- Enter the loan amount.
- Enter the annual interest rate as a percent.
- Enter the term in years.
- Review the estimated monthly payment and total interest.
What the formula assumes
The calculator assumes fixed monthly payments and a fixed annual interest rate. It does not include taxes, fees, insurance, or variable-rate changes.
Comparing scenarios
Try different terms and rates to see how monthly payment and total interest move. Longer terms usually lower the payment but increase total interest.
Local calculation
Loan numbers are calculated in your browser and are not sent to a server.
Loan calculator FAQ
- Is this financial advice?
- No. It is an estimate for planning and comparison. Check lender terms before making financial decisions.
- Can it calculate zero-interest loans?
- Yes. When the rate is zero, it divides the principal evenly across the monthly payments.
- Does it include extra fees?
- No. Add lender fees, taxes, insurance, or closing costs separately when comparing real offers.