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Loan Payment Calculator

Estimate monthly payments and total interest for a fixed-rate loan.

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About the Loan Payment Calculator

The Loan Payment Calculator estimates the fixed monthly payment for a loan from the amount, the annual interest rate and the term in years, together with the total interest you will pay.

It assumes a standard fixed-rate loan repaid in equal monthly installments. Real offers can include fees and other costs, so treat the result as an estimate. Everything runs in your browser with JavaScript. Nothing you type is uploaded to our server, so it is safe to use with private data.

How to use it

  1. Enter the loan amount.
  2. Enter the annual interest rate.
  3. Enter the term in years.
  4. Select Calculate payment.

Common uses

  • Comparing car or personal loan offers.
  • Seeing how a shorter term changes the total interest.
  • Planning a monthly budget before borrowing.

Tips

  • A longer term lowers the monthly payment but usually increases the total interest.
  • Compare offers by their effective annual rate, which includes fees, when your lender provides it.