Financial

Loan Calculator

Compute monthly payments for any fixed-rate loan.

Loan amount

Annual rate (%)

Term (months)

Monthly payment

$400.76

Total interest$4,045.54

Total paid$24,045.54

Method

How it works

M = P · r(1+r)ⁿ / ((1+r)ⁿ − 1)

Standard fixed-rate amortization. The APR is divided by 12 to get the monthly periodic rate.

FAQ

What does APR include?

APR reflects the annual interest rate. It doesn't always include origination fees — always check the loan estimate.

How can I lower my monthly payment?

Extend the term, lower the rate (refinance or improve credit), or reduce the principal via a bigger down payment.

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