Loan Calculator
Estimate your monthly payment, total payment, and total interest for a fixed-rate loan.
Calculated locally. Your numbers never leave your browser.
Common questions
Does the monthly payment include fees, taxes, or insurance?
No — this is principal and interest only, calculated purely from the loan amount, rate, and term you enter. Real loan offers can include origination fees, closing costs, or insurance that this tool has no way to know about, so treat the result as the cost of borrowing itself, not a full quote.
What happens if I enter a 0% interest rate?
It's allowed, and handled as a special case: with no interest, the monthly payment is simply the loan amount divided evenly across the number of months, since there's nothing to compound.
Is this financial advice, or does it check whether I qualify for this loan?
Neither. It's a mathematical projection based on the exact numbers you type in — it has no knowledge of your credit, income, other debts, or what rate a real lender would actually offer you. Use it to compare scenarios, not as a substitute for a lender's actual quote.
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