Calculate your monthly loan payment, total interest, and payoff schedule.
Enter your loan amount, interest rate, and term to see instant results.
Frequently Asked Questions
How is my monthly loan payment calculated?
Your monthly payment is calculated using the loan amount, interest rate, and loan term.
The calculator uses the standard amortization formula to determine your fixed monthly payment.
What is included in the monthly payment?
The monthly payment includes principal and interest. It does not include property taxes,
insurance, HOA fees, or other potential costs.
Can I pay off my loan early?
Most loans allow early payoff, but some may have prepayment penalties.
Check your loan agreement for specific terms.
How accurate is this calculator?
This calculator provides accurate estimates based on the information provided.
Actual loan terms may vary based on your lender and creditworthiness.