Loan Payment Calculator
Calculate monthly payments for personal, auto, or student loans.
Monthly Payment$0
Total Payment$0
Total Interest$0
FAQ
How is the monthly payment calculated?▼
Using the standard amortization formula: M = P[r(1+r)^n]/[(1+r)^n-1]. P is the loan amount, r is the monthly rate, n is number of payments.
What's the difference between APR and interest rate?▼
APR (Annual Percentage Rate) includes the interest rate plus fees and other costs. The interest rate is just the cost of borrowing the principal. APR gives a more complete picture of the loan's total cost.