FREE ONLINE TOOL
Loan payment calculator.
Estimate monthly principal and interest payments for a fixed-rate, fully amortizing loan.
YOUR INPUTS
Results update instantly as you type. No account required.
YOUR RESULT
$1,498.88Estimated monthly principal & interest
Total paid$539,595.47
Total interest$289,595.47
Number of payments360
How is this calculated?
Monthly payment = P × r ÷ (1 − (1 + r)^(−n)), where P is principal, r is monthly rate, and n is number of payments.
Example
Enter the loan amount, annual rate, and loan term. The result shows the estimated monthly installment and total interest over the full term.
Important to know
This estimate excludes taxes, insurance, origination charges, variable rates, fees, and extra payments. It is for illustration, not a loan offer or financial advice.