Loan Calculator
Estimate the monthly payment on a personal, auto or student loan. Enter the loan amount, annual interest rate and term to see your payment, the total interest you will pay and the total cost of the loan.
%
years
Monthly payment
$400.76
Total interest
$4,045.54
Total paid
$24,045.54
Payments
60
Estimate only. Excludes fees and insurance. Not an offer of credit.
Frequently asked questions
How is my monthly loan payment calculated?+
It uses the standard amortization formula, which spreads the loan and interest evenly across every month of the term so each payment is the same amount.
Does a longer term lower my payment?+
Yes — a longer term reduces the monthly payment but increases the total interest you pay over the life of the loan. The calculator shows both so you can compare.
Is this an offer of credit?+
No. This is an estimate for planning only. Actual rates, fees and payments depend on the lender and your circumstances.
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