Calculator

Loan Calculator

Estimate monthly payments, total repayment, and total interest for a fixed-rate loan.

Enter loan details.

Formula

M = P × r(1+r)^n ÷ ((1+r)^n − 1)

P is principal, r is monthly interest rate, and n is the number of monthly payments. The estimate assumes a fixed rate and regular monthly payments.

Related guide

How to Calculate a Loan Payment →