Loan payment calculator
Estimate the monthly payment, total repayment and total interest for a fixed-rate loan.
🔒 Everything runs in your browser. Nothing you choose or type is uploaded. How to verify
How to use it
- Enter the loan amount.
- Enter the yearly interest rate and the term in years.
- Read the monthly payment and totals.
Handy for
Comparing car, personal or mortgage-style loans before you commit.
Good to know
A longer term lowers the monthly payment but raises the total interest, so compare both numbers before you choose.
Privacy: where the work happens
Everything you enter or choose is processed by JavaScript in your browser and never sent anywhere. Only the page code, and any library this tool needs, is downloaded from cdnjs or jsDelivr.
Questions
What formula is used?
The standard amortizing loan formula, with monthly compounding and equal payments.
Does it include fees or insurance?
No. Taxes, fees and insurance are not included, so real payments can be higher.