Loan Calculator
Monthly payment, total interest, and total cost for any loan
Monthly loan payment
Works out the fixed monthly payment on an amortizing loan — car loans, personal loans, student loans — plus the total you'll repay and total interest over the term. Calculated locally in your browser.
FAQ
What formula is used?
The standard amortization formula: payment = P · r / (1 − (1 + r)⁻ⁿ), where r is the monthly rate and n the number of monthly payments.
How is this different from the mortgage calculator?
The math is the same amortization formula; this one is framed for general loans (auto, personal, student) where you just need the monthly payment and total interest.
Does it include fees or insurance?
No. It covers principal and interest only. Origination fees, insurance, and taxes would add to your real cost.