Calculator

Loan Calculator

Calculate the monthly payment, total amount paid over the life of the loan, and how much of that is interest.

Values update as you type. Nothing is sent anywhere.

Monthly payment

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Total paid—
Total interest—

How to use this calculator

Loan payments are split between interest (the cost of borrowing) and principal (what reduces your balance). Early in the loan most of each payment is interest; later, most goes to principal. Shortening the term or increasing your down payment dramatically reduces total interest.

This calculator is provided for educational purposes only. Results are estimates and do not account for taxes, fees, or jurisdiction-specific rules. Consult a licensed professional before making financial decisions.

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