Loan Calculator

Estimate your monthly loan payments, total interest paid, and the total cost of your loan.

Loan Amount ($):

Annual Interest Rate (%):

Loan Term:

Enter the total amount you wish to borrow (Loan Amount).
Enter the annual interest rate for the loan.
Enter the duration of the loan (Loan Term) and select whether it's in years or months.
Click "Calculate Payments".
The calculator will show your estimated monthly payment, total principal, total interest, and total cost.

The calculation uses the standard formula:

M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]

Where:

Loan Summary: