Easy-to-use payment calculators show monthly payments, total interest paid, repayment term, and other metrics. Our loan calculators do all the math for you.
Loan amount: The total amount you are borrowing and need to pay back, not including interest. For example, if you get a car loan for $30,000, the loan amount is $30,000. Input this in the Loan Amount field.
Loan term: How long you have to repay the loan. A 10-year term, for example, means the loan amount (plus interest) will be repaid over 10 years. If you don’t know this time span, use the Fixed Payment calculator to calculate how long the loan will take to pay back.
Interest rate: The yearly interest rate, in percent, that will apply to the loan amount for as long as the loan is outstanding. For example, if the interest rate on a loan is 6%, then input 6% in the interest rate field.
Monthly payment:If you know what your monthly payment will be, you can input it into the monthly payment field. For example, if you agreed to pay $300 per month, input $300 into the monthly payment field. If you don’t know the monthly payment amount or want to calculate it, use the Fixed Term calculator to figure it out.