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Loan calculator

Before you sign for a personal, auto, or business loan, it helps to see the whole picture: the monthly payment, the total interest, and what the loan really costs end to end. Enter the amount, rate, and term in months and the calculator applies the standard amortization formula lenders use for fixed installment loans. Try a shorter term or a lower rate to see how much interest each change saves, and remember that fees and extra payments are not part of this estimate.

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Results

Planning estimate
Monthly payment$512.91
Total interestEST.$5,775.00
Total repaidEST.$30,775.00
Interest as share of payments18.8% %

The math, plainly

How it works

  1. 01

    Monthly payment uses the standard amortization formula for a fixed-rate, fixed-term loan.

  2. 02

    Total repaid is the monthly payment multiplied by the number of months.

  3. 03

    Total interest is everything you pay above the amount borrowed; it assumes no extra payments and no fees.

Try a real scenario

$25,000 personal loan

Inputs8.5% over 60 months

ResultAbout $512.91 per month and $5,775 total interest.

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