Loan Calculator

Work out your fixed monthly payment for any amortizing loan, plus total interest paid over the life of the loan.

Inputs
Results
Monthly Payment
$400.76
Total Paid
$24,045.54
Total Interest
$4,045.54

Try an example

Formula

M = P × [r(1+r)^n] / [(1+r)^n − 1]

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Frequently Asked Questions

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