Skip to content
QuickToolio
esEspañolenEnglishptPortuguêsfrFrançaisdeDeutschitItaliano

Loan calculator online

Calculate the monthly payment of any type of loan -personal, car, student or debt consolidation- from the loan amount, annual interest rate and term.

Processed on your device. Nothing is sent to any server.

Monthly payment

297.02

Total paid

17821.08

Total interest

2821.08

This calculator is for informational purposes only and does not constitute financial advice or an actual loan offer; final terms are set by each lender.

Applies the standard fixed-rate amortization formula to the full loan amount, regardless of what it's for: every monthly payment stays the same for the whole term, splitting principal and interest so the remaining balance reaches zero on the last payment.

Use cases

  • Working out a car loan's monthly payment before signing at the dealership.
  • Comparing a personal loan's payment against consolidating several debts into one.
  • Estimating the total interest on a student loan or a home-renovation loan.

How it works

  1. 1

    Enter the loan amount

    Type the total amount you want to borrow.

  2. 2

    Add the interest rate and term

    Enter the annual interest rate and the number of years to pay it back.

  3. 3

    Check the payment and the breakdown

    The calculator shows the monthly payment along with the total paid and total interest.

Technical details

Uses the standard amortization formula M = P × [r(1+r)^n] / [(1+r)^n − 1], where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly payments (years × 12).

Frequently asked questions

Does this work for any type of loan, not just mortgages?

Yes, the formula is the same for any fixed-rate loan with equal monthly payments, whether it's personal, auto, student or debt consolidation; it isn't built specifically for mortgages.

Does it account for origination fees or other costs?

No, the calculation only considers the amount, rate and term. Origination fees, add-on insurance or an APR that differs from the nominal rate can change the real payment.

Related tools

← Calculators