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Note: Results are estimates based on a fixed-rate, fully-amortising loan. They do not include fees, insurance, taxes, or variable-rate adjustments. Always verify figures with your lender.
Use this free loan calculator to instantly find your monthly payment, total amount paid, and total interest cost. Simply enter your loan principal, annual percentage rate (APR), and repayment term in years or months. Whether you are planning a mortgage, auto loan, personal loan, or student loan, this tool gives you a clear breakdown — including a full amortisation schedule — so you can budget with confidence.
The calculator uses the standard amortisation formula: M = P × [r(1+r)^n] / [(1+r)^n − 1], where P is the principal, r is the monthly interest rate (APR ÷ 12 ÷ 100), and n is the total number of monthly payments. If your APR is 0%, it simply divides the principal by the number of months.
Total paid is every dollar you send to the lender over the life of the loan (monthly payment × number of months). Total interest is total paid minus the original principal — the extra cost of borrowing the money.
No. The results reflect a fixed-rate, fully-amortising loan with no additional charges. For a mortgage, your actual monthly outlay may be higher once property tax, homeowner's insurance, and PMI are factored in.
Click 'Show Amortisation Schedule' after entering your loan details. For terms longer than 24 months the table groups payments by year, showing how much of each year's payments go toward principal vs. interest and what the remaining balance is.