mAIbmAIbTools

Loan Payment Calculator

Estimate the monthly payment on any fixed-rate loan, plus the total interest you'll pay over its life.

$391.32 / month

How to use

  1. Enter the loan amount you want to borrow.
  2. Enter the annual interest rate (APR) and the term in years.
  3. Your estimated monthly payment and total interest update instantly.
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FAQ

How is a monthly loan payment calculated?

It uses the amortization formula M = P·r / (1 − (1+r)^−n), where P is principal, r is the monthly rate, and n is the number of months.

Does this include taxes or fees?

No — it estimates principal and interest only. Add taxes, insurance or fees separately.

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