How to use the loan calculator
- Enter the loan amount, annual interest rate and term in years.
- See your monthly payment and the total interest you'll pay.
How it works
It uses the standard amortizing loan formula, where each monthly payment covers interest first and chips away at the principal. A longer term lowers the monthly payment but increases total interest.
Frequently asked questions
Does this include taxes or fees?
No — it estimates principal and interest only. Add any fees or insurance separately.
Is it free?
Yes, completely free with no sign-up.