Finance & Money
Loan Calculator - Calculate Monthly Payments
Calculate monthly loan payments, total interest, and total cost.
Formulas and edge cases are reviewed against authoritative references before publication. For methodology, editorial standards, or corrections, use the links below.
Frequently asked questions
How is the monthly payment calculated?
The calculator uses a standard amortization formula based on loan amount, rate, and term.
What if my interest rate is 0%?
If the rate is 0%, the payment equals loan amount divided by the number of months.
Does this include fees?
This version focuses on principal and interest only and does not include lender fees.
Related tools
About this tool
This Loan Calculator turns your inputs into practical results. Provide Loan amount, Interest rate, and Loan term to calculate Total interest and Monthly payment.
Adjust values to compare scenarios and see how sensitive the result is. The calculation uses the numbers as entered, so double-check units and expect small differences from rounding in the displayed totals.