Loan Calculator
Estimate monthly repayments and total interest on a loan.
1,863.93
Monthly Payment
197,343.88
Total Interest
447,343.88
Total Paid
240
Payments
Free online loan calculator. Enter an amount, annual rate and term in years to see your monthly payment, total interest, total paid and number of payments. Amortization summary, all in your browser.
How to use the Loan Calculator
- 01Enter the loan amount and the annual interest rate.
- 02Enter the term in years.
- 03Read off the monthly payment plus the total interest and total paid over the loan.
Frequently asked questions
Does the term have to be a whole number of years?
No. You can enter fractional years such as 2.5; the calculator converts the term to a whole number of monthly payments.
What does total interest mean?
It is the sum of every monthly payment minus the amount you originally borrowed — the true cost of the loan on top of the principal.