Compute payment, term, or principal for amortized loans.
This loan calculator helps you determine your monthly payment amount for any loan. Simply enter:
The calculator will show you the monthly payment, total amount paid over the life of the loan, and total interest paid.
A loan calculator helps you see exactly what you’ll pay each month, how much interest adds up, and when your loan will be fully repaid.
To get the most accurate estimate, always input the APR rather than the nominal rate if the tool allows, include origination or closing costs into the principal when relevant, and test the effect of extra payments. Shortening the term by a few years often reduces total interest dramatically while raising monthly payments modestly. Analyze various options to balance what you can afford each month with how much you save over time. When using any calculator, enter interest rates and fees, and adjust the term to match your budget goals. Remember that calculators provide estimates; lenders may adjust numbers based on credit score, taxes, or closing costs. Always review lender disclosures and run the amortization schedule to confirm payoff timing. Effective planning reduces stress and avoids unexpected costs.