Money tool
Loan Calculator
Calculate monthly payment, total interest, and total cost for a fixed loan.
Runs in your browserResult
- Minimum monthly payment
- $500.95
- Payment with extra
- $500.95
- Payoff time
- 60 months
- Total paid
- $30,056.92
- Total interest
- $5,056.92
This is an amortization estimate. Lender fees, variable rates, daily interest, insurance, and payment timing are not included.
How to use this loan calculator
- Enter the starting amount, interest rate, term, and any payment or contribution details requested above.
- Review the calculated totals, units, and assumptions. Check the inputs and units before relying on the result.
- Change one input at a time to compare another case, then copy or save the result you plan to use.
About this loan calculator
Loan Calculator helps you calculate monthly payment, total interest, and total cost for a fixed loan. The input and result appear together for easy comparison.
You can also use it to compare results after changing one input.
Example
A $25,000 loan at 7.5 percent for five years can be compared with the same loan plus an extra monthly payment.
Common uses
- → calculate monthly payment, total interest, and total cost for a fixed loan
- → compare results after changing one input
- → save an estimate for planning or comparison