Finance calculator
Loan Calculator
Estimate monthly loan payments, total interest, and total repayment for a fixed-rate loan.
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.
When to Use This Loan Calculator
Use this calculator for personal loans, student loans, home improvement loans, or any fixed-rate loan where you know the amount, interest rate, and repayment term.