Payment planning
Estimate monthly payments before comparing personal loans, car loans, or other fixed-rate loans.
Loan calculator
Estimate loan payments
Calculate monthly payment, total repayment, and interest for a fixed-rate loan.
How to use
- Enter loan amount, annual interest rate, and term.
- Review monthly payment and total interest.
- Adjust the values to compare scenarios.
Common uses
Interest comparison
Change the rate or term to see how much total interest can increase or decrease.
Example
Compare a 5-year and 7-year term for the same loan amount to see the tradeoff between monthly payment and total interest.
FAQ
What type of loan is this for?
This calculator estimates fixed-rate amortized loans.
Can I use another currency?
The math works for any currency, although the display uses USD formatting.