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Calculators

Loan Calculator

Estimate monthly payments, total interest and total cost of a loan.

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How it works

Uses the standard amortizing loan formula to compute a fixed monthly payment from the principal, annual rate and term in years.

Formula

M = P·r·(1+r)ⁿ / ((1+r)ⁿ − 1)

Examples

  • Loan amount 25000, Annual interest rate 6.5 %, Term 5 years → Monthly payment: $489.15

Frequently asked questions

Does this include taxes or fees?

No — it estimates principal and interest only. Add insurance, taxes and fees separately for a full picture.

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