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๐ฆ Loan Calculator
Free loan calculator: enter the loan amount, annual interest rate and term to see the monthly payment, total paid and total interest.
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About this tool
This calculator estimates your monthly payment before you take a car, home or personal loan, and helps you compare offers from different lenders.
It uses the fixed-payment (amortized) formula with monthly compounding. Figures are estimates, and lenders may add other fees.
Frequently asked questions
How is the monthly payment calculated?
With M = P ร r ร (1+r)^n รท ((1+r)^n โ 1), where r is the monthly rate and n the number of months.
Does it include fees and insurance?
No, only principal and interest.
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