Loan Calculator

Monthly payment, total interest paid, and amortization summary for any fixed-rate loan.

Monthly payment

Total paid
Total interest
Total payments
Interest as % of loan
Uses the standard amortization formula. Real-world loans may include origination fees, insurance, or variable rates not modeled here.

How this works

Monthly payment uses the fixed-rate amortization formula: M = P × r(1+r)^n / ((1+r)^n − 1), where P is loan amount, r is monthly rate, n is total months. Total interest = M × n − P.