Loan Payment Calculator
Estimate a fixed monthly installment and total interest on an amortizing loan.
Example result
- Total interest
- 3,199.36
- Total payments
- 23,199.36
Payments are monthly and begin one month after borrowing. Fees, insurance, taxes, extra payments and rate changes are excluded; this is not an APR disclosure.
How to calculate it
Payments are monthly and begin one month after borrowing. Fees, insurance, taxes, extra payments and rate changes are excluded; this is not an APR disclosure.
Worked example
This is an illustrative scenario, not a market benchmark. Select “Reset to example” to reproduce it in the calculator.
- Amount borrowed
- 20,000 currency units
- Nominal annual interest rate
- 6 %
- Number of monthly payments
- 60 months
Monthly payment: 386.66
Loan Payment FAQ
How is a 0% loan handled?
Principal is divided equally over the number of monthly payments. Actual lenders may adjust the last payment for cent rounding.
What does this calculation leave out?
Payments are monthly and begin one month after borrowing. Fees, insurance, taxes, extra payments and rate changes are excluded; this is not an APR disclosure.
Are my inputs saved or sent to a server?
Calculations run in your browser. We do not send your inputs or results to our server or analytics. A comparison stays in this tab until it is refreshed. A CSV is saved only when you choose to download it. See our privacy policy for ordinary hosting and optional analytics data.
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