The everyday toolkit
Loan Payment Calculator
Estimate monthly payments, total repayments and interest for a fixed-rate loan.
Free · No account needed · Calculated in your browserEnter your values
Your result
A clear answer starts here.
Enter your values and choose Calculate to see the result. Changing a value clears the previous answer.
Results are rounded to two decimal places for display. Calculations use unrounded values. Use the same currency for all monetary inputs.
How this calculator works
Estimate for equal monthly payments on a fully amortizing fixed-rate loan. Annual nominal interest is divided by 12. Fees, insurance and taxes are excluded; lender rounding may differ.
Monthly payment = P × r ÷ (1 − (1 + r)⁻ⁿ), where P is principal, r is the monthly rate, and n is the number of months. At 0% interest, payment = P ÷ n.