Loan Calculator
See exactly what a loan costs: enter the amount, annual interest rate and term to get the monthly payment, total interest and total repayment — plus a year-by-year balance chart of numbers.
FAQ
How is the monthly payment calculated?
Using the standard amortizing formula: P × r × (1+r)^n / ((1+r)^n − 1), where r is the monthly rate and n the number of payments.
Does it work for mortgages and car loans?
Yes — any fixed-rate, fixed-term installment loan: mortgage, auto, personal or student.
Are fees or insurance included?
No, only principal and interest. Taxes, insurance and fees vary by lender and are not included.