How this calculator works
The calculator amortizes a fixed principal over equal monthly payments using the interest rate and term you enter.
Change any input to update the estimate instantly. Your entries never leave your device.
Loan Calculator
Estimate the payment and total cost of a personal or business loan.
Your inputs
Calculation details
⌁ All calculations run locally in your browser. No data is stored.
Monthly payment$500.95
Total interest$5,056.92
Total paid$30,056.92
Number of payments60
Assumes a fixed interest rate and equal monthly payments with no additional fees.
Frequently asked questions
What loans can I estimate?
Use it for fixed-rate installment loans such as personal, business, or equipment loans.
Are loan fees included?
No. Add origination and other lender fees separately when comparing offers.