Finance Calculators
Mortgage Calculator
Estimate a principal-and-interest mortgage payment from price, down payment, rate, and term.
Open calculatorFinance Calculators
Loan Calculator
Estimate monthly loan payments, total repayment, and total interest.
LOCAL CALCULATION
Enter your values
Result
Your result and calculation steps will appear here.
Your calculations are processed locally and are not stored.
Use one currency consistently. Results are in the same currency as the amounts you enter.
How to Calculate
- Enter the amount you plan to borrow.
- Add the annual interest rate and loan term in years.
- Calculate to estimate the fixed monthly payment and total interest.
Formula
M = P × r(1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)Example
A $10,000 loan at 7% for 5 years has an estimated monthly payment of about $198.01.
Frequently Asked Questions
What does the monthly payment include?
The estimate includes principal and interest for a fixed-rate, fully amortizing loan.
Does this include fees or insurance?
No. Origination fees, taxes, insurance, and other lender costs are not included.
What happens when the interest rate is zero?
The principal is divided equally by the number of monthly payments.