Loan Calculator

Calculate your monthly loan payments, total interest, and total cost. Works for personal loans, auto loans, student loans, and more.

Loan Amount: $10,000.00

$1,000$1,000,000

Annual Interest Rate: 5%

0.1%30%

Loan Term: 5 years

1 year30 years

Your Results

Monthly Payment$188.71

Total Payment$11,322.74

Total Interest$1,322.74

Principal: $10,000.00Interest: $1,322.74

How It Works

This calculator uses the standard loan amortization formula: M = P × [r(1+r)ⁿ] / [(1+r)ⁿ − 1], where M is the monthly payment, P is the principal loan amount, r is the monthly interest rate, and n is the number of monthly payments. The results are estimates only and do not include fees, insurance, or taxes that may be part of your actual loan.