Loan Calculator
Calculate monthly loan payments, total interest, and amortization. Free, no signup.
How to Use Loan Calculator
1
Enter the loan amount, interest rate, and term.
2
Click Calculate.
3
See your estimated monthly payment.
Frequently Asked Questions
How is the monthly payment calculated?
Using the standard amortization formula: M = P[r(1+r)^n] / [(1+r)^n – 1].
Does this include taxes and insurance?
No, this calculates principal and interest only. Your actual payment may include taxes, insurance, and PMI.