Loan Calculator
Calculate your monthly payment, total interest, and total repayment amount for any loan.
What is this tool?
The Loan Calculator helps you estimate your monthly payment for any loan — including personal loans, auto loans, student loans, or mortgages. Enter the loan amount, interest rate, and term to instantly see how much you will pay each month and how much interest you will pay in total over the life of the loan.
How to use
- Enter the loan amount in dollars.
- Enter the annual interest rate as a percentage (e.g., 6.5 for 6.5%).
- Enter the loan term and select whether it is in years or months.
- Click Calculate Loan to see your monthly payment, total interest, and total repayment.
Frequently Asked Questions
Is this tool free?
Yes, it is 100% free with no sign-up required.
What type of loans can I calculate?
This calculator works for any fixed-rate loan including personal loans, car loans, student loans, and mortgages.
Does this include taxes and insurance?
No. This calculator shows principal and interest only. For a mortgage, you should also factor in property taxes, homeowner's insurance, and PMI if applicable.
What is APR vs interest rate?
The interest rate is the cost of borrowing the principal. APR (Annual Percentage Rate) includes the interest rate plus fees. For this calculator, use the interest rate shown in your loan offer.