Finance calculator
Loan Calculator
Estimate monthly loan payments, total interest, and total repayment for a fixed-rate loan.
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Finance estimate
Loan Calculator
Estimate a fixed-rate loan payment, total interest, and total repayment amount.
Estimated monthly payment
$500.95
Based on $25,000.00 at 7.5% for 5 years.
Total interest
$5,056.92
Total repayment
$30,056.92
Number of payments
60
Formula
Monthly payment = P x r x (1 + r)^n / ((1 + r)^n - 1), where P is loan amount, r is monthly interest rate, and n is the number of monthly payments.
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When to Use This Loan Calculator
Use this calculator for personal loans, student loans, home improvement loans, auto loans, or any fixed-rate loan where you know the amount, interest rate, and repayment term.
The result is an estimate for planning and comparison. Check your lender documents for official payment schedules and fees.
FAQ
What does this loan calculator estimate?
It estimates the monthly payment, total interest, and total repayment cost for a fixed-rate loan.
Does it include fees?
The basic loan estimate uses amount, rate, and term. If your lender charges fees, compare the final disclosure carefully.