Estimate payments and interest for a fixed-rate loan with equal monthly installments.
How to use Loan Calculator
Enter Loan amount and Annual interest rate.
Set Term and choose Years or Months.
Review Monthly payment, Total paid, Total interest and Amortization by year.
Worked example
At 0% interest, a 1,200 loan repaid over 12 months produces a monthly principal payment of 100.
Does the estimate include fees, taxes or insurance?
No. It uses principal, a constant interest rate and monthly repayment periods. Other charges can change the real cost.
Can I model variable rates or extra payments?
There are no controls for rate changes or additional payments. Use the lender’s schedule for the actual agreement and treat this as a simplified estimate.
Put this guide into practice
Loan Calculator — Estimate monthly payments, total interest and an amortization table.