Finance calculator
Loan Calculator
Estimate your loan payment, total interest, total paid, and payoff time for personal, auto, or business loans.
Loans
Monthly payments
Payoff planning
Calculator
Enter your numbers
Choose a payment frequency and test how extra payments affect your payoff.
Inputs
Adjust the loan details below.
Results
Moderate
Loan summary
Quick take
This loan cost looks moderate based on the current rate, term, and payment assumptions.
Base Payment
$500.47
Extra Per Period
$0.00
Check values
Loan amount must be greater than zero to calculate a payment.
How loan payments are calculated
Payment, interest, and payoff all move together
A loan payment is based on principal, rate, and term. Higher rates and longer terms generally increase total interest, while extra payments usually shorten payoff time.
Payment
Standard amortized loan payment formula
Total Interest
Total Paid − Loan Amount
Extra Payments
Higher payments usually reduce payoff time and total interest
When to use it
Useful before borrowing or refinancing
Estimate your real payment
Use this before taking out a personal, auto, or business loan so you know what the recurring payment looks like.
Compare rates and terms
See how a lower rate or shorter term can change both your payment and total interest paid.
Test extra payments
Check whether paying more each period can shorten the loan enough to save meaningful interest.
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