Loan Calculator
Calculate your monthly payment and total interest
How to Use
- Enter the loan amount (principal)
- Enter the annual interest rate (%)
- Enter the loan term in months
- View your monthly payment, total interest, and total amount
FAQ
How is the monthly payment calculated?
We use the standard amortization formula: M = P × r(1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly rate, and n is number of months.
Does this include taxes and insurance?
This calculator shows principal and interest only. Actual payments may be higher when property taxes, insurance, and other fees are included.