Loan Calculator
Calculate monthly payments, total interest, and full amortization for any loan — auto, personal, student, or home equity. Free, instant.
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Monthly Payment
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Total Interest
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Total Cost
Principal: —
Interest: —
Frequently asked
questions
This calculator works for any fixed-rate loan: auto loans, personal loans, student loans, home equity loans, and more. Enter the loan amount, interest rate, and term to get your monthly payment.
Monthly payment = P × [r(1+r)^n] / [(1+r)^n − 1], where P is the principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of months.
The interest rate is the base cost of borrowing. APR (Annual Percentage Rate) includes fees and other costs, giving a more complete picture of the loan cost. Use APR for the most accurate comparison between loans.