Free online tool
Loan Calculator
Estimate monthly loan payments and total interest.
Result
How to use this tool
- 1. Enter the valuesComplete the calculator fields with your numbers or dates.
- 2. Review the calculationResults update automatically when inputs change.
- 3. Adjust and compareChange any value to compare another scenario.
Frequently asked questions
How does Loan Calculator determine the result?
It applies the calculation represented by the fields in the workspace. Estimate monthly loan payments and total interest.
Why might Loan Calculator display a rounded value?
Some calculations produce long or repeating decimals, so results may be rounded for readability.
Can Loan Calculator calculate decimal values?
Yes. Decimal inputs are supported wherever they are meaningful for the calculation.
Tool guide
About Loan Calculator
Example
Input
Loan: 10,000
Rate: 6%
Term: 3 yearsOutput
Monthly payment: about 304.22
Total interest: about 951.92Common use cases
- Compare loan terms
- Estimate affordability
- Explore rate changes
- Plan repayment
What is Loan Calculator?
Loan Calculator helps you estimate periodic payments and total interest from loan amount, rate and term.
It works directly in the browser and is designed for quick, focused tasks without requiring an account.
When to use Loan Calculator
Common uses include compare loan terms and estimate affordability.
It can also help with explore rate changes and plan repayment.
Practical tips
Actual lender terms may include fees.
This estimate is not financial advice.
Privacy and processing
This tool processes its working input in your browser and does not intentionally upload it to a Toolsiva application server.
Avoid entering confidential material when your browser, device, extensions or clipboard environment is not trusted.
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