Loan Payment Calculator

What the result means

Monthly payment is the scheduled payment for the entered principal, annual rate and term. Total interest adds up the interest over the full schedule.

Assumptions and limitations

This calculator assumes a fixed annual rate and equal monthly payments. It does not include lender fees, insurance, taxes, penalties or rate changes.

What to compare

A lower monthly payment can come from a longer term. Compare total repayment and total interest as well as the monthly payment.