Loan Calculator
Calculate monthly payments and total interest for any loan or mortgage
M = P × r × (1+r)^n / ((1+r)^n − 1) | r = annual rate / 12
Monthly payment
1,013.37
Total amount paid
364,813.42
Total interest paid
164,813.42
Month 1: 263.37 principal + 750 interest (360 months total)
About this calculator
The Loan Calculator tells you exactly how much you'll pay each month and in total for any loan. Understanding your monthly payment and total interest helps you compare loan offers and plan your budget before signing. Enter your loan amount, interest rate, and repayment term to see a complete payment breakdown.
Common examples
- $20,000 car loan at 6% for 5 years → $386.66/month, total paid $23,199.60, interest $3,199.60
- $250,000 mortgage at 7% for 30 years → $1,663.26/month, total interest $348,773.60
- $5,000 personal loan at 12% for 2 years → $235.37/month, total interest $651.88
- $15,000 at 8% for 3 years → $470.04/month, total paid $16,921.44, interest $1,921.44
- $100,000 business loan at 5% for 10 years → $1,060.66/month, total interest $27,279.20