Loan Calculator
Estimate monthly payments, total interest, and total cost of a loan.
Estimate a loan payment
This loan calculator estimates the monthly payment on a fixed-rate loan, along with the total you will pay over the full term and how much of that is interest. Enter the amount borrowed, the annual interest rate and the term in years. It uses the standard amortization formula, the same one banks use for equal monthly instalments.
How to calculate a loan payment
Enter the loan amount, rate and term, and the monthly payment and totals update on their own.
This is a planning estimate only and not financial advice. Real loan offers include fees and rules that vary by lender and country.
Frequently asked questions
Does this include fees or insurance?
No. It calculates principal and interest only. Origination fees, insurance and taxes are not included.
Can I use it for a mortgage?
The maths is the same for any fixed-rate loan, though the dedicated mortgage calculator adds property tax and insurance for a fuller monthly figure.