Loan payment calculator
Estimate a fixed-rate loan’s monthly payment, total repayments, and interest.
Estimate assumes a fixed annual rate divided monthly and equal end-of-month payments. It excludes fees, taxes, insurance, and lender-specific terms.
How the loan payment is estimated
This calculator uses the loan principal, a fixed nominal annual interest rate divided into monthly periods, and equal end-of-month payments over the selected term. At zero interest, it divides the principal evenly across the monthly payments.
What this estimate leaves out
Actual lender payments may include origination fees, insurance, taxes, variable rates, or different payment timing. This estimate is not a loan offer or financial advice. Check the lender’s repayment schedule before borrowing.
Also try the compound interest calculator or browse all free tools.