Calculator

Loan Calculator

Estimate the monthly payment, total paid, and interest for a fixed-rate loan.

Estimate loan payments

This calculator assumes equal monthly payments and a rate that stays fixed for the full term.

Informational estimate: This result is not a loan offer or financial advice. It excludes fees, taxes, insurance, changing rates, and lender-specific rounding. Check your lender's terms before making a decision.

How the estimate works

For an interest-bearing loan, the calculator uses the standard amortized payment formula with monthly compounding. For a zero-interest loan, it divides the amount equally across the selected number of months.

The total paid is the calculated monthly payment multiplied by the number of payments. Actual final payments may differ slightly because lenders can round each payment to the nearest cent.