How to use Loan Calculator
Enter the loan amount, annual interest rate and term in years to estimate a monthly payment.
Understand the result
The estimate assumes fixed monthly payments and monthly compounding. It excludes fees, taxes, insurance and lender-specific terms.
Practical example or tip
Compare several terms: longer terms can reduce monthly payments while increasing total interest.
Frequently asked questions
Is this tool free?
Yes. You can use this page without creating an account.
Can I use it on my phone?
Yes, although large files may be easier to process on a desktop computer.