Calculate your monthly loan payment and total interest for any type of loan. Enter your loan amount, interest rate, and term to get instant results.
This calculator uses the standard loan amortization formula to determine your fixed monthly payment. The formula accounts for both principal repayment and interest charges each month.
A $10,000 loan at 8.5% APR for 36 months results in a monthly payment of $315.57. Over 3 years, you'll pay $1,360.54 in interest, for a total cost of $11,360.54.