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Loan Calculator
Estimate monthly payment, total repayment and interest.
Loan payment calculator
This calculator estimates the regular payment on a fixed-rate installment loan. It uses the loan amount, annual percentage rate and repayment term to estimate monthly principal and interest.
Why the interest rate matters
For a fixed loan amount and term, a higher interest rate generally increases the required payment and total interest. Extending the term can lower the monthly payment while increasing the number of months interest is charged.
The estimate does not include lender-specific fees, taxes, insurance or other charges that may apply to a particular loan.
Loan calculator FAQ
Can I use this for any loan?It is designed for a basic fixed-rate installment loan. Other loan structures may require different calculations.
Why can the lender's payment differ?Fees, insurance, taxes, rounding and loan-specific terms can change the actual payment.