Loan Calculator
Calculate monthly payments and total interest for a fixed-rate loan.
How to use
Enter loan amount, annual rate, and term in months to get the fixed monthly payment.
Formula
M = P × r(1+r)n / ((1+r)n − 1) for fixed-rate amortizing loans.
Frequently asked questions
Can I use this for car loans?
Yes. It works for any fixed-rate amortizing loan, including auto and personal loans.
What if the interest rate is 0%?
Payment equals loan amount divided by number of months.
Do you store the numbers I enter?
Calculations run in your browser. Inputs are not sent to our servers.