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Loan Calculator

Calculate monthly loan payments, total interest, and total repayment for personal, auto, student, or business loans.

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Monthly payment

$500.95

Total interest

$5,056.92

Total payment

$30,056.92

Estimated payoff

July 2031

How to use the Loan Calculator

1

Enter the loan amount

Type the amount you plan to borrow.

2

Add rate and term

Enter the annual interest rate and loan term in years.

3

Review the payment

See the estimated monthly payment, total repayment, and total interest instantly.

What is the Loan Calculator?

Use this loan calculator to estimate the monthly payment and total cost of a fixed-rate loan. It is useful for comparing personal loans, auto loans, student loans, equipment financing, and other amortized loans before you commit to a repayment plan.

  • Monthly payment estimate
  • Total interest over the loan term
  • Total repayment amount
  • Zero-interest loan support
  • Estimated payoff month
  • Copyable results for planning

Frequently Asked Questions

How is the monthly loan payment calculated?
The calculator uses the standard amortized loan formula based on loan amount, monthly interest rate, and total number of payments.
Can I use this for auto or personal loans?
Yes. It works for any fixed-rate amortized loan such as personal loans, auto loans, student loans, and business loans.
What if the interest rate is 0%?
For a zero-interest loan, the calculator divides the loan amount evenly across the loan term.

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