Calculate Loan Payment

Calculate your monthly loan payments and see how much interest you will pay.

Loan Amount ($)

Annual Interest Rate (%)

Loan Term (years)

Monthly Payment

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Total Paid (Principal + Interest)

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Total Interest

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The Methodology

Standard Amortization Formula

This tool uses the verified professional formula shown above. We cite our sources so you can trust every result.

How it works

This tool calculates the fixed monthly payment required to pay off a loan over a set number of years. It uses the standard amortization formula to ensure the balance reaches zero at the end of the term.