Loan Calculator
Enter loan amount, rate, and term.
How Loan Payments Work
Monthly payment formula: M = P × r(1+r)^n / ((1+r)^n - 1), where P=principal, r=monthly rate, n=months.
How to Use
Enter loan amount, annual interest rate, and loan term in years. The calculator shows your monthly payment, total cost, and total interest.
Example
A $10,000 loan at 5% for 5 years = $188.71/month, $11,322.74 total, $1,322.74 interest.