Loan Calculator - Payments, Interest & Total Cost
Estimate monthly loan payments, total interest, and repayment cost from principal, rate, and term for mortgages, auto loans, and personal loans.
LOAN & MORTGAGE CALCULATOR
Planning your financial future requires accurate tools. Our Loan Calculator helps you estimate monthly payments and total interest costs for mortgages, auto loans, student loans, and personal loans.
The estimate uses the standard fixed-payment amortization concept described by the Consumer Financial Protection Bureau. It covers principal and interest only, so compare the result with lender disclosures that include fees, taxes, insurance, and other costs.
Frequently Asked Questions
- How is the monthly payment calculated?
- For rates above 0%, we use the standard amortization formula: M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1 ]. At 0%, the principal is divided evenly across all monthly payments.
- Does this include taxes and insurance?
- No. This calculator estimates principal and interest only. Property taxes, homeowners insurance, and PMI are not included in this calculation.
- Is my financial data stored?
- No. We value your privacy. All calculations are performed instantly in your web browser. We do not store or transmit your loan details.
- Can I use this for auto loans?
- Yes! This calculator works for any fixed-rate installment loan, including car loans, personal loans, and mortgages.
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