Loan Calculator
Calculate monthly payment, total payment, and interest for fixed-rate loans.
Enter Your Numbers
PMT = P * [i(1+i)^n] / [(1+i)^n - 1]
Loan Calculator Guide
Use this loan calculator to quickly work out calculate monthly payment, total payment, and interest for fixed-rate loans. Enter your numbers above and get instant results along with a year-by-year breakdown so you can see exactly how the numbers change over time.
The formula used is PMT = P * [i(1+i)^n] / [(1+i)^n - 1]. Run a few different scenarios by changing one input at a time to see how each variable affects the outcome.
How to Use This Loan
Enter your values in the form above and click Calculate. The results section shows the most important numbers first. Below that, the year-by-year table lets you see how the balance changes over the full term. Change one field at a time to compare different scenarios side by side.
When to Use a Loan
This calculator is useful when you need to estimate calculate monthly payment, total payment, and interest for fixed-rate loans. It works for both quick estimates and detailed planning. For best results, use realistic numbers based on your actual financial situation rather than optimistic guesses. Check the results table to understand the long-term trajectory, not just the final number.