Loan Calculator
Calculate monthly payments, interest, and total cost for a fixed-rate loan.
$
%
years
Monthly payment
$506.91
Principal$25,000.00
Total interest$5,414.59
Total paid$30,414.59
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How the calculation works
This calculator applies the standard formula below to the values you enter. Results update instantly in your browser—nothing is submitted to a server.
Formula
Payment = P[r(1+r)ⁿ] / [(1+r)ⁿ−1].
Worked example
Enter the amount borrowed, APR, and repayment term to see the full cost.
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Frequently asked questions
Is this loan calculator free?
Yes. It works instantly in your browser with no signup.
Are the results exact?
Results follow the stated formula, but real-world fees, timing, and rounding can vary.
Results are estimates for informational purposes and are not financial or professional advice.