Loan Calculator
Calculate monthly loan payment, total repayment, and interest from principal, APR, and term.
Example
$25,000 at 8.5% for 5 years is about $513 per month.Frequently asked questions
Everything you need to know to read the result with confidence.
What does the Loan Calculator do?+
Calculate monthly loan payment, total repayment, and interest from principal, APR, and term.
How do I use this loan calculator?+
Enter the amount borrowed, annual percentage rate, and repayment term. The payment assumes fixed monthly payments.
What inputs should I enter?+
Enter loan amount, apr, loan term. Leave the default values in place when they match your situation.
What formula does this calculator use?+
Payment = principal x monthly rate / (1 - (1 + monthly rate)^-months).
Can I share my result?+
Yes. Change the inputs, copy the page link, and the current inputs will be included in the URL for sharing or reopening later.