Loan Payment Calculator

Calculate your monthly payment, total interest, and full amortization schedule for any loan.

How to use

  • Enter the total amount you plan to borrow in the Loan Amount field.
  • Input your annual interest rate (APR) as a percentage.
  • Set the loan term in years or switch to months for shorter loans.
  • Click Calculate to see your monthly payment and full amortization schedule.
  • Toggle "Show All Months" to view every payment period.
  • Use "Copy Summary" to copy the results to your clipboard.

About this Loan Calculator

Use this free loan payment calculator to estimate monthly payments, total interest, and total loan cost from loan amount, interest rate, and term. It is useful for budgeting and comparing loans. No signup is required, and the tool works on phones, tablets, and desktop browsers.