Loan Calculator
Estimate a fixed-rate loan's monthly payment, total repayment, and total interest from the amount, annual rate, and term.
Monthly payment
$1,580.17
$568,861.22total paid•
$318,861.22total interest
Fixed-payment formula
The payment uses the standard amortization formula with a monthly interest rate and a fixed number of monthly payments. A zero rate is handled as principal divided evenly across all payments.
Frequently Asked Questions
Does this include fees, taxes, or insurance?+
No. The result models principal and interest only; lender fees, taxes, insurance, and variable rates require separate estimates.
What interest rate should I enter?+
Enter the annual percentage rate stated by the lender, excluding any separate fees that are not part of the financed balance.
Can this calculate a zero-interest loan?+
Yes. At zero interest, the payment is the principal divided evenly across the selected number of monthly payments.
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