Loan Calculator
Generic loan: principal, rate, term → monthly payment + total interest fraction.
Results
Monthly Payment
$299.71
Total Paid
$10,789.52
Total Interest
$789.52
Interest Fraction
7.9%
About Loan Calculator
The Loan Calculator estimates payments for any fixed-rate loan. Enter the principal you are borrowing, the annual interest rate, and the term, and the tool returns the monthly payment along with the total interest you will pay over the life of the loan. The figures update as you adjust the inputs.
All of the math runs in your browser, so the loan details you enter are never sent anywhere. It works for auto loans, personal loans, and other installment borrowing, making it easy to compare offers or test how a shorter term affects the cost.
Frequently asked questions
- What loans does this work for?
- It works for any fixed-rate installment loan, including auto loans and personal loans.
- How is the monthly payment found?
- It uses the standard amortization formula based on the principal, the periodic interest rate, and the number of payments.
- Does it include fees?
- No. The result covers principal and interest only; origination fees and other charges are not included.