Enter the loan amount
Type the amount you plan to borrow.
Calculators
Loan Payment Calculator
Free online loan payment calculator
Enter the values
Local processingEnter the yearly rate, for example 7 for 7 percent. The monthly rate is derived automatically.
Result
The result will appear here after you run the tool.
Press Ctrl or Command and Enter to run the tool.
About this tool
About this tool
Loan Payment Calculator uses the standard fixed-rate amortization formula to derive the monthly payment from the amount, rate, and term, then totals the scheduled payments and interest. The zero-rate case is handled separately, and all math happens on your device.
Work out what a loan will cost before you sign. Enter the amount, the annual interest rate, and the term in years, and the calculator returns the monthly payment, the total paid, and the total interest over the scheduled term. The amortization math runs locally in your browser.
Built for daily work
- Estimate a car loan payment before visiting a dealership.
- Compare personal loan offers from different lenders.
- Budget a small business equipment loan.
- Check how the term length changes the monthly cost.
How to use this tool
How to use this tool
Add the rate and term
Enter the yearly interest rate as a percentage and the term in years.
Read the payment breakdown
The monthly payment appears with total paid and total interest.
Key features
Key features
Payment-first output
The monthly payment is the headline result, with totals underneath for context.
Standard formula
Fixed-rate amortization with a correct zero-interest case.
Flexible inputs
Any amount, rate, and term combination up to 50 years.
Private math
Loan details never leave your browser.
Practical use cases
Practical use cases
- Estimate a car loan payment before visiting a dealership.
- Compare personal loan offers from different lenders.
- Budget a small business equipment loan.
- Check how the term length changes the monthly cost.
- Plan a consolidation loan repayment.
Private by default
For local tools, input is processed in your browser and is not sent to application analytics.
Data processing noticeTechnical details
Technical details
ProcessingLocal browser processing
FormulaStandard fixed-rate amortization
OutputMonthly payment, total paid, total interest
PrivacyNumbers never leave the browser
Limitations and important notes
Limitations and important notes
- The estimate assumes a fixed interest rate for the whole term.
- Lender fees, taxes, and insurance are not included.
- Real offers depend on credit history and current market rates.
Frequently asked questions
Frequently asked questions
The standard fixed-rate payment formula with the monthly rate derived from the yearly rate. Zero-rate loans divide the principal evenly.
No. Origination fees, late fees, and other charges vary by lender and are not part of the estimate.
No. The result is an educational estimate based on the numbers you enter.
Yes, once the page loads, the math runs entirely on your device.
Related guides and solutions
Related guides and solutions
How to calculate mortgage payments before talking to a lender
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