Simple Loan Calculator
Enter loan amount, annual interest rate, and term to find your fixed monthly payment and total cost.
Monthly payment
$307.75
Total interest
$3,464.88
Total payment
$18,464.88
How to use
- Enter the loan amount in dollars.
- Set the annual interest rate and term in years.
- View monthly payment and total interest paid.
Frequently Asked Questions
Fixed-rate loans with equal monthly payments (standard amortizing loans).